Lakeshore Plaza Holdings LLC Sells Retail Property In Moreno Valley For $8.3M
SOLD
$8,300,000
California
See Similar DealsRetail80,000 SF
Sold 08/09/2020
SOLD
Lakeshore Plaza Holdings LLC Sells Retail Property In Moreno Valley For $8.3M
23575 Sunnymead Ranch Parkway, Moreno Valley, CA, USA
See Similar DealsRetail80,000 SF
Sold 08/09/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$103
Total Square Footage:80,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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