SOLDRetail
Lakeshore Plaza Holdings LLC Sells Retail Property In Moreno Valley For $8.3M
23575 Sunnymead Ranch Parkway, Moreno Valley, CA, USA
$8,300,000
$103/SF
Building Size
80,000 SF
Asset Type
Retail
Closing
Aug 9, 2020
AI
A retail property located at 23575 Sunnymead Parkway in Moreno Valley has been sold for $8,300,000. The property is part of the Lakeshore Plaza Holdings LLC.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $8,300,000
- Date: 08/09/2021
- Market: Moreno Valley
- Seller: Lakeshore Plaza Holdings LLC
The sale of this retail property was facilitated by Mario Alvarez Jr. and Pablo Rodriguez of Newmark. The deal was finalized on the mentioned date.
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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93