Chen Family Trust Acquires Menifee Retail Condo For $4.05M
SOLD
California
See Similar DealsRetail6,000 SF
Sold 07/20/2020
SOLD
Chen Family Trust Acquires Menifee Retail Condo For $4.05M
29821 Antelope Rd, Menifee, CA 92584, USA
See Similar DealsRetail6,000 SF
Sold 07/20/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$675
Total Square Footage:6,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
Is there something missing? Send suggestions
