Faris Lee Investments Facilitates $4.6M Sale Of Woodstock Plaza In Moreno Valley
24100 Alessandro Blvd Moreno Valley, CA 92553, USA
$4,600,000
Building Size
—
Asset Type
Retail
Closing
May 18, 2023
AI
Faris Lee Investments has facilitated the $4.6 million all-cash sale of Woodstock Plaza, a retail strip center in Moreno Valley. The center is 75% occupied and was purchased by a private investor. Woodstock Plaza is located at 24100-24150 Alessandro Blvd in Moreno Valley, and it is situated in the retail market of the city.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 24100-24150 Alessandro Blvd
- Market: Moreno Valley
Faris Lee Investments, represented by Shaun Riley & Nick Miller, played a crucial role in the successful completion of this sale. Their expertise and efforts have resulted in the all-cash transaction of Woodstock Plaza, benefiting both the buyer and the seller involved.
Players
Los Angeles 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93