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
Menifee Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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