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
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