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29821 Antelope Rd, Menifee,...

Chen Family Trust Acquires Menifee Retail Condo For $4.05M
SOLDRetail

Chen Family Trust Acquires Menifee Retail Condo For $4.05M

29821 Antelope Rd, Menifee, CA 92584, USA

$4,050,000

$675/SF

Building Size

6,000 SF

Asset Type

Retail

Closing

Jul 19, 2020

AI

The retail condo located at 29821 Antelope Rd in Menifee/Inland Empire was recently sold for $4,050,000. This property spans 6,000 square feet and has a price per square foot of $675. It consists of two units, with a price per unit of $2,025,000.

Summary of transaction details:

  • Property Type: Retail Condo
  • Transaction Amount: $4,050,000
  • Address: 29821 Antelope Rd
  • Market: Menifee/Inland Empire
  • Square Footage: 6,000
  • Price per Square Foot: $675
  • Number of Units: 2
  • Price per Unit: $2,025,000

The buyer of the property is the Chen Family Trust, while the seller is Menifee Lakes Plaza. The deal was facilitated by brokers Steve Chang from KW Commercial, as well as Jimmy Slusher, Trent Steeves, and Sean Heitzler.

Players

Jimmy Slusher

CBRE

Broker

$474.4M

vol

16 deals

Broker
T
TrustBuyer

Menifee 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

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93