HFC/PRP Elsinore LLC Sells Retail Property In Lake Elsinore For $22.8M
SOLD
$22,800,000
California
See Similar DealsRetail66,000 SF
Sold 03/11/2021
SOLD
HFC/PRP Elsinore LLC Sells Retail Property In Lake Elsinore For $22.8M
29280 Central Ave, Lake Elsinore
See Similar DealsRetail66,000 SF
Sold 03/11/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$345
Total Square Footage:66,000 SF
Transaction Type:Sale
The retail property located at 29280 Central Ave in Lake Elsinore has been sold for $22,800,000. The property has a total area of 66,000 square feet, resulting in a price per square foot of $345. The transaction took place on 03/11/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,800,000
- Address: 29280 Central Ave
- Market: Lake Elsinore
The seller of the property was HFC/PRP Elsinore LLC. Representing the seller, the brokers involved in the deal were Jeff Conover and Chris DePierro from Faris Lee Investments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,216,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,003.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,083.63
Annual Debt Service$1,297,003.58
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