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
$5,700,000
$2,714/SF
Building Size
2,100 SF
Asset Type
Retail
Closing
Jun 23, 2022
AI
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.
Players
El Centro 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93