Updated Oct 28, 2024
Hanley Investment Group Acquires Retail Property In Perris For $4M
2560 N Perris Blvd, Perris, California 92571, United States
$4,000,000
$1,818/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Jun 21, 2022
About this deal
AI
Located at 2560 N. Perris Blvd in Perris, this retail property encompasses 1.0 acre of land. The property was sold on 06/22/2022 for a total price of $4,000,000. The sale included a building with a total square footage of 2,200, resulting in a price per square foot of $1,818. The property achieved a capitalization rate (CAP) of 3.65%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 2560 N. Perris Blvd, Perris
- Market: Perris
- Acres: 1.0
- Seller: Hanley Investment Group - Bill Asher & Progressive Real Estate Partners
The seller of this retail property was Hanley Investment Group, represented by Bill Asher and Progressive Real Estate Partners. The transaction took place in Perris, California. No additional information regarding the buyer or any other parties involved in the deal was available.
Players
Perris 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93