Un Joong Lee And John Lee Acquire Lake Forest Property For $4.5M
21991 El Toro Road, Lake Forest, CA, USA
$4,520,000
$452/SF
Building Size
9,996 SF
Asset Type
Retail
Closing
Jul 11, 2019
AI
Rosemarie Haynes has sold a property located at 21991 El Toro Road in Lake Forest. The transaction took place on July 12, 2019, and the property was purchased by Un Joong Lee and John Lee. The sale was facilitated by Cory Stehr from Leelanorthventura Brokers. The property was sold for a total amount of $4,520,000. It spans across an area of 9,996 square feet, resulting in a price per square foot of $452.18.
Summary of transaction details
- Property Type: Not specified
- Transaction Amount: $4,520,000
- Square Footage: 9,996 sqft
- Market: Lake Forest
Cory Stehr represented the buyers, Un Joong Lee and John Lee, in this transaction.
Players
Lake Forest 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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93