Updated Oct 28, 2024
Hanley Investment Group Sells Retail Property In San Bernardino For $8.23M
2045 Highland Avenue, San Bernardino, California 92404, United States
$8,230,000
$191/SF
Building Size
43,000 SF
Asset Type
Retail
Closing
Jun 5, 2022
About this deal
AI
The property involved in this closed transaction is a retail asset located at 2045 E. Highland Ave. in San Bernardino. It was sold by Hanley Investment Group, with Eric Wohl representing the seller's side. The transaction took place on 06/06/2022, and the sale price was $8,230,000. The property spans an area of 43,000 square feet, resulting in a price per square foot of $191.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,230,000
- Address: 2045 E. Highland Ave., San Bernardino
- Market: San Bernardino
This deal involved Eric Wohl from Hanley Investment Group, who served as the seller's representative. The transaction showcases the successful sale of a retail property in San Bernardino, highlighting the expertise and negotiation skills of Eric Wohl.
Players
San Bernardino 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93