Updated Dec 19, 2023
Paragon Commercial Group & Canyon Partners Acquire Retail Property In Fountain Valley For $14.8M
17900 Magnolia St, Fountain Valley, CA, USA
$14,800,000
$160/SF
Building Size
92,386 SF
Asset Type
Retail
Closing
Aug 27, 2021
About this deal
AI
The property involved in this transaction is a retail asset located at 17900 Magnolia St. in Fountain Valley. The sale took place on August 27, 2021, and the property was acquired by Paragon Commercial Group, represented by Mark Harrigian, and Canyon Partners Real Estate, represented by Joshua Friedman. The transaction was closed at a price of $14,800,000. The total square footage of the property is 92,386, resulting in a price per square foot of $160.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $14,800,000
- Address: 17900 Magnolia St., Fountain Valley
- Square Footage: 92,386
- Price per Square Foot: $160
- Market: Fountain Valley
Mark Harrigian from Paragon Commercial Group and Joshua Friedman from Canyon Partners Real Estate were the key individuals involved in this deal. Their respective agencies represented them in the transaction.
Players
Fountain Valley 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93