Faris Lee Investments Brokers Sell Retail Property On 1950 S. 4th St. In El Centro For $5.7M
SOLD
$5,700,000
California
See Similar DealsRetail2,100 SF
Sold 06/24/2022
SOLD
Faris Lee Investments Brokers Sell Retail Property On 1950 S. 4th St. In El Centro For $5.7M
1950 South 4th Street, El Centro, California 92243, United States
See Similar DealsRetail2,100 SF
Sold 06/24/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,714
Total Square Footage:2,100 SF
Transaction Type:Sale
Located at 1950 S. 4th St. in El Centro, this retail property was recently sold. The transaction took place on 06/24/2022 for a sale price of $5,700,000. The property is situated in a bustling market, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,700,000
- Brokers: Matt Brooks & Joe Chichester - Faris Lee Investments
The sale of this retail property was facilitated by the experienced brokers Matt Brooks and Joe Chichester from Faris Lee Investments. Their expertise in the field of investments made this transaction possible. The involvement of reputable brokers adds credibility to the deal and ensures a smooth process for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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