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

Property Image
SOLD
$4,600,000
Shaun Riley
Nick Miller

California

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Retail
Sold
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Property Image
SOLD

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

24100 Alessandro Blvd Moreno Valley, CA 92553, USA

See Similar Deals
Retail
Sold
Shaun Riley
Nick Miller
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

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
Nick Miller
10 deals$61.9M volume
BROKER
Shaun Riley
Faris Lee Investments
Shaun Riley
11 deals$120.9M volume
BROKER

Details

SOLD
IMAGE: Shaun Riley & Nick Miller DATE: 05/18/2023 ADDRESS: 24100-24150 Alessandro Blvd MARKET: Moreno Valley ASSET TYPE: Retail BROKERS: Shaun Riley & Nick Miller - Faris Lee Investments SALE PRICE: $4,600,000 NOTE: Faris Lee Investments has facilitated the $4.6 million all-cash sale of Woodstock Plaza, a retail strip center in Moreno Valley. The center, 75% occupied, was purchased by a private investor.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16