Updated Dec 4, 2024
Leonard H. Lundin Acquires Retail Property In Fontana For $2.7M
17093 Valley Boulevard
$2,700,000
$177/SF
Building Size
15,180 SF
Asset Type
Retail
Closing
Oct 25, 2023
About this deal
AI
The retail property located at 17093 Valley Boulevard in Fontana has been sold. The property spans 15,180 square feet and was sold for a price of $2,700,000, resulting in a price per square foot of $178. Additionally, the property has a building square footage of 30,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Buyer: Leonard H. Lundin, President - Mirlan, LP
- Seller: Red Mountain Group Inc.
- Broker: Lea Clay Park - Axiom Real Estate
- Square Footage: 15,180
- Price per Square Foot: $178
- Building Square Footage: 30,000
The transaction was facilitated by Lea Clay Park, a representative from Axiom Real Estate. Leonard H. Lundin, serving as the President of Mirlan, LP, purchased the property from Red Mountain Group Inc.
On the Map
$2,700,000
$177/SF
Retail
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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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93