Faris Lee Investments Brokers $17.3M Sale Of Retail Property In La Verne
SOLD
$17,300,000
California
See Similar DealsRetail
Sold 07/27/2022
SOLD
Faris Lee Investments Brokers $17.3M Sale Of Retail Property In La Verne
2090 Foothill Boulevard, La Verne, California 91750, United States
See Similar DealsRetail
Sold 07/27/2022
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 2090 Foothill Blvd. in La Verne has been sold for a total price of $17,300,000. The transaction took place on 07/27/2022 and the property is situated in the La Verne market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,300,000
- BROKERS: Shaun Riley & Nick Miller - Faris Lee Investments
The sale of this retail property was facilitated by Shaun Riley and Nick Miller of Faris Lee Investments. They represented the buyer and seller in this transaction, ensuring a successful deal for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$922,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,010.83
Annual Debt Service$984,129.91
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