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24100 Alessandro Blvd Moren...

Faris Lee Investments Facilitates $4.6M Sale Of Woodstock Plaza In Moreno Valley
SOLDRetail

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

Nick Miller

Bright Realty

Broker

$61.9M

vol

10 deals

Broker

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