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17064 Sierra Lakes Parkway,...

Fontana Retail Property Sold For $5.1M By SBH Real Estate Group And Acquired By Carosella Properties
SOLDRetail

Fontana Retail Property Sold For $5.1M By SBH Real Estate Group And Acquired By Carosella Properties

17064 Sierra Lakes Parkway, Fontana, California 92336, United States

$5,100,000

Building Size

Asset Type

Retail

Closing

Nov 14, 2022

AI

The retail property located at 17064 Sierra Lakes Parkway in Fontana, CA was recently sold for $5,100,000. The transaction took place on November 14, 2022. The property spans over 2 acres and is owned by SBH Real Estate Group. The sale was facilitated by Eric Silverman, representing the seller. Tom Carosella of Carosella Properties served as the buyer's representative. Jeremy McChesney, from Hanley Investment, acted as the seller's agent.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,100,000
  • Address: 17064 Sierra Lakes Parkway
  • Market: Fontana, CA
  • Acres: 2

Jeremy McChesney's involvement in the deal as the seller's agent adds to the successful completion of the transaction.

Players

Jeremy McChesney

Hanley Investment Group

Broker

$140.9M

vol

19 deals

Broker
Eric Silverman

Eric Silverman

SBH Real Estate Group

Seller

$102.1M

vol

8 deals

Seller

Fontana Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93