Progressive Real Estate Partners Facilitates $6M Retail Sale On Jefferson Ave, Temecula
SOLD
$6,000,000
California
See Similar DealsRetail11,600 SF
Sold
SOLD
Progressive Real Estate Partners Facilitates $6M Retail Sale On Jefferson Ave, Temecula
27378 Jefferson Ave, Temecula, CA, USA
See Similar DealsRetail11,600 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$517
Total Square Footage:11,600 SF
Transaction Type:Sale
The retail property located at 27378 Jefferson Ave in Temecula has been sold. The transaction took place on June 18, 2021. The property was sold for a total price of $6,000,000. Victor Buendia from Progressive Real Estate Partners represented the parties involved in the deal.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $6,000,000
- Address: 27378 Jefferson Ave, Temecula
- Market: Temecula
Victor Buendia, a representative from Progressive Real Estate Partners, played a significant role in facilitating the sale of this retail property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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