Faris Lee Investments Brokers Sell Anaheim Retail Property On S. Harbor Blvd For $19.5M
SOLD
California
See Similar DealsRetail10,000 SF
Sold 08/22/2022
SOLD
Faris Lee Investments Brokers Sell Anaheim Retail Property On S. Harbor Blvd For $19.5M
1770 South Harbor Boulevard, Anaheim, California 92802, United States
See Similar DealsRetail10,000 SF
Sold 08/22/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,950
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,039,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38
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