Updated Oct 29, 2024
Seagrove Property Group Sells Retail Property On Lone Hill Ave For $13.65M
241 South Lone Hill Avenue , Glendora, CA, USA
$13,650,000
$325/SF
Building Size
42,000 SF
Asset Type
Retail
Closing
Jul 31, 2019
About this deal
AI
Seagrove Property Group has recently sold a retail property located at 241-1251 Lone Hill Ave for a total price of $13,650,000. This property covers an area of 42,000 square feet, resulting in a price per square foot of $325. The transaction took place on 07/31/2019 and was facilitated by the real estate brokerage firm JLL. Rick Edwards and David Gilmore shared an image on Instagram to commemorate the successful sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,650,000
- Square Footage: 42,000
- Price Per Square Foot: $325
- Address: 241-1251 Lone Hill Ave
JLL, the brokerage firm, played a crucial role in representing Seagrove Property Group throughout this transaction. Their expertise and negotiation skills contributed to the successful sale of the retail property.
Players
Glendora Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93