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17900 Magnolia St, Fountain...

Updated Dec 19, 2023

Paragon Commercial Group & Canyon Partners Acquire Retail Property In Fountain Valley For $14.8M
SOLDRetail

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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Deal FAQ

About $160 per square foot on a published $14.8M for 92,386 square feet (2021).

Browse California retail sales on Traded.

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

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