Updated Oct 29, 2024
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
$3,770,000
$26/SF
Building Size
144,034 SF
Asset Type
Retail
Closing
Aug 3, 2020
About this deal
AI
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.
On the Map
$3,770,000
$26/SF
Retail
View full map
Players
Lake Elsinore Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Fryman to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.21%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93