HFC/PRP Elsinore LLC Sells Retail Property In Lake Elsinore For $22.8M
29280 Central Ave, Lake Elsinore
$22,800,000
$345/SF
Building Size
66,000 SF
Asset Type
Retail
Closing
Mar 10, 2021
AI
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.
Players
Lake Elsinore 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93