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17218 Foothill Blvd, Fontan...

Fontana Retail Property On Foothill Blvd Sold For $2.8M By Greg Bedell & Mike Lin - Progressive Real Estate Partners
SOLDRetail

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

Greg Bedell

Progressive Real Estate Partners

Broker

$176.4M

vol

33 deals

Broker

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