facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Sale

/

17093 Valley Boulevard

Leonard H. Lundin Acquires Retail Property In Fontana For $2.7M
SOLDRetail

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

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.

Players

Lea Clay Park

Axiom Retail Advisors

Broker

$2.7M

vol

3 deals

Broker

Leonard H. Lundin

Buyer

$18.7M

vol

2 deals

Buyer
RI
Red Mountain Group IncSeller

Fontana Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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