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23060 Alessandro Boulevard,...

Kalaveras Acquires Retail Property In Moreno Valley For $2.8M
SOLDRetail

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

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

Albert Lopez

Progressive Real Estate Partners

Broker

$12.7M

vol

6 deals

Broker

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