Updated Oct 29, 2024
Hanley Investment Group Represents Becker Development In $2.85M Retail Sale On North Imperial Ave, El Centro
2033 N Imperial Ave, El Centro, CA 92243, USA
$2,850,000
$1,096/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Apr 27, 2020
About this deal
AI
The retail property located at 2033 North Imperial Ave in El Centro has been sold for $2,850,000. The property spans 2,600 square feet, resulting in a price per square foot of $1,096. The transaction involved Becker Development as the seller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,850,000
- Address: 2033 North Imperial Ave
- Market: El Centro
Bill Asher, Jeff Lefko, and Ed Hanley from Hanley Investment Group Real Estate Advisors represented Becker Development as the brokers in this deal.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93