Fontana Retail Property On Foothill Blvd Sold For $2.8M By Greg Bedell & Mike Lin - Progressive Real Estate Partners
17218 Foothill Blvd, Fontana, CA, USA
$2,800,000
$389/SF
Building Size
7,194 SF
Asset Type
Retail
Closing
Feb 22, 2021
AI
The retail property located at 17218 Foothill Blvd in Fontana has been sold for a total price of $2,800,000. The property measures 7,194 square feet and was sold at a price-per-square-foot of $389. It was a closed transaction that took place on February 23, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 17218 Foothill Blvd
- Market: Fontana
- Square Footage: 7,194
The deal was facilitated by the following brokers: Greg Bedell and Mike Lin from Progressive Real Estate Partners, and Dolly Yau from Dollly Realty. They played an instrumental role in representing the parties involved in this 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93