Updated Dec 20, 2023
Kalaveras Acquires Retail Property In Moreno Valley For $2.8M
23060 Alessandro Boulevard, Moreno Valley, California 92553, United States
$2,800,000
$313/SF
Building Size
8,927 SF
Asset Type
Retail
Closing
Sep 21, 2022
About this deal
AI
Located at 23060 Alessandro Blvd in Moreno Valley, this retail property was recently sold. The transaction took place on September 22, 2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,800,000
- Square Footage: 8,927 SF
- Price per Square Foot: $314
- Market: Moreno Valley
The buyer of the property is Kalaveras. Representing the buyer in the deal is Allen Kirschbaum from Saddleback Realty. On the other side, Albert Lopez and Greg Bedell from Progressive Real Estate Partners served as the seller's representatives.
With a prime location and a total area of 8,927 square feet, this retail property was sold at a price of $2,800,000, resulting in a price per square foot of $314. The market for this property is Moreno Valley, showcasing its attractive investment potential.
Players
Moreno Valley 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93