Anza Drive Properties Acquires Retail Property In Murrieta For $8.5M
25060 Madison Avenue, Murrieta, California 92562, United States
$8,500,000
$409/SF
Building Size
20,750 SF
Asset Type
Retail
Closing
Jan 21, 2022
AI
Anza Drive Properties has purchased a retail property located at 25060 Madison Ave. in Murrieta. The property spans approximately 20,750 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $409.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,500,000
- Date: 01/21/2022
- Market: Murrieta
Bill Asher and Jeff Lefko from Hanley Investment Group Real Estate Advisors, along with Kris Hons from Stevenson Real Estate Services, represented the buyer, Anza Drive Properties, in this transaction.
Players
Murrieta 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93