Faris Lee Investments Brokers Sell Anaheim Retail Property On S. Harbor Blvd For $19.5M
1770 South Harbor Boulevard, Anaheim, California 92802, United States
$19,500,000
$1,950/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Aug 21, 2022
AI
An investment property in Anaheim has recently sold for $19,500,000. The property, located at 1770 S. Harbor Blvd, is a retail asset with a total area of 10,000 square feet. The sale price equates to approximately $1,950 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,500,000
- Address: 1770 S. Harbor Blvd
- Market: Anaheim
- Square Footage: 10,000
The sale of this retail property was facilitated by brokers Nick Miller & Shaun Riley, who represented the seller and buyer in the transaction. Both brokers are affiliated with Faris Lee Investments.
Players
Anaheim 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93