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Private Investor Acquires San Bernardino Property From Sage Invesco For $4.6 Million

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SOLD
$4,600,000

California

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Retail5,058 SF
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SOLD

Private Investor Acquires San Bernardino Property From Sage Invesco For $4.6 Million

2067 E Highland Ave, San Bernardino...

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Retail5,058 SF
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$909
Total Square Footage:5,058 SF
Transaction Type:Sale

A retail property located at 2067 E Highland Ave in San Bernardino has been sold for $4,600,000.00. The building, which was built in 2020, features a total of 5,058 square feet and includes three tenants: Starbucks Coffee, Lefty’s Cheesesteak, and Cricket Wireless. The property is positioned within the San Bernardino market and commands a price of $919 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,600,000.00
  • Address: 2067 E Highland Ave, San Bernardino
  • Square Footage: 5,058
  • Seller: Sage Invesco
  • Buyer: Private Investor
  • Seller's Representative: Greg Bedell - Progressive Real Estate Partners
  • Buyer's Representative: Hope Kim - Independent Broker

Progressive Real Estate Partners facilitated the transaction, with Greg Bedell representing the seller, Sage Invesco. The buyer, a private investor based in San Bernardino County, was represented by Hope Kim, an independent broker, showcasing a coordinated effort between the representatives to complete the deal.

Players

Greg Bedell
33 deals$176.4M volume
BROKER

Hope Kim
2 deals$7.6M volume(714) 800-3900
BROKER

Invesco Real Estate
SELLER

Details

SOLD
IMAGE: 2067 E Highland Ave, San Bernardino... MARKET: San Bernardino SELLER'S REP: Greg Bedell-Progressive Real Estate Partners BUYER'S REP: Hope Kim - Independent Broker BUYER: Private Investor Buyer SELLER: Sage Invesco PRICE: $4,600,000.00 SF: 5058

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16