Pacific Castle Sells Lake Elsinore Retail Property For $3.77M, Kevin Fryman & Bill Asher - Hanley Investment Group Real Estate Advisors
SOLD
$3,770,000
California
See Similar DealsRetail144,034 SF
Sold 08/04/2020
SOLD
Pacific Castle Sells Lake Elsinore Retail Property For $3.77M, Kevin Fryman & Bill Asher - Hanley Investment Group Real Estate Advisors
29261 Central Ave, Lake Elsinore, CA 92532, USA
See Similar DealsRetail144,034 SF
Sold 08/04/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$26
Total Square Footage:144,034 SF
Transaction Type:Sale
Pacific Castle has sold a retail property located at 29261 Central Ave in Lake Elsinore. The property, spanning 144,034 square feet, was sold for a total price of $3,770,000, resulting in a price per square foot of $26.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,770,000
- Address: 29261 Central Ave
- Market: Lake Elsinore
- Square Footage: 144,034
- Seller: Pacific Castle
- Brokers: Kevin Fryman & Bill Asher – Hanley Investment Group Real Estate Advisors
The sale of this retail property was facilitated by Kevin Fryman and Bill Asher from Hanley Investment Group Real Estate Advisors, representing Pacific Castle.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$201,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,394.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,871.72
Annual Debt Service$214,460.68
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