Pacific Real Estate Sells Retail Property In Temecula For $7.2M With Buyer's Rep Brian Melkesian - Lee & Associates And Seller's Rep Hanley Investment Group
30010 Temecula Parkway, Temecula, CA, USA
$7,200,000
$864/SF
Building Size
8,325 SF
Asset Type
Retail
Closing
Nov 10, 2020
AI
A retail property located at 30010 Temecula Parkway in Temecula, California has been sold for $7,200,000. The property spans 8,325 square feet, resulting in a price per square foot of $864. The transaction took place on 11/11/2020.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 30010 Temecula Parkway, Temecula, California
- Market: Temecula
The seller of the property was Pacific Real Estate. The buyer was represented by Brian Melkesian from Lee & Associates. The seller was represented by Austin Blodget, Eric Wohl, and CJ Kiehler from Hanley Investment Group. The property was valued at a capitalization rate of 5.50%.
Players
Temecula 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93