Jeff Leggio Of ASU Commercial Represents Buyer In $7.73M 7-Eleven Sale In San Bernardino
171 East Redlands Boulevard
$7,726,613
$1,890/SF
Building Size
4,088 SF
Asset Type
Retail
Closing
Mar 11, 2024
AI
A new construction, single-tenant 7-Eleven with Laredo Taco Company and gas station located at 171 East Redlands Boulevard in San Bernardino was recently sold for $7,726,613. The property spans 1.25 acres and features a total of 4,088 square feet, selling at a price per square foot of $1,890.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,726,613
- Address: 171 East Redlands Boulevard
- Market: San Bernardino
- Asset Type: Retail
- Square Footage: 4,088
The sale of this property was brokered by Hanley Investment Group Real Estate Advisors. The seller, Chase Partners Ltd, based in Glendale, was represented by executives Bill Asher and Jeff Lefko. On the buyer's side, Jeff Leggio of ASU Commercial facilitated the transaction.
Players
San Bernardino 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
2.05%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93