Updated Sep 9, 2024
Hanley Investment Group Sells Multi-Tenant Retail Property In Perris, California For $4.05M
2570 North Perris Boulevard Perris, California 92571, USA
$4,050,000
$763/SF
Building Size
5,303 SF
Asset Type
Retail
Closing
Jun 20, 2023
About this deal
AI
Hanley Investment Group has finalized the sale of a multi-tenant retail property in Perris, California. The 5,303-square-foot building, located at 2570 North Perris Boulevard, is situated near a shopping center. The property was sold in an off-market transaction for $4.05 million.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,050,000
- Address: 2570 North Perris Boulevard
- Market: Perris
- Square Footage: 5,303
- Price Per Square Foot: $764
The buyer's representatives in this deal were Howard Rosenthal and Guy Excell from Rosenthal & Excell Commercial Real Estate. On the other hand, the seller's representatives were Bill Asher and Jeff Lefko from Hanley Investment Group Real Estate Advisors.
It is worth noting that the property is leased to Altura Credit Union and Little Caesars Drive-Thru.
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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93