Kelly Martinez Acquires Retail Property In Monrovia For $2.2M
SOLD
$2,200,000
California
See Similar DealsRetail7,440 SF
Sold
SOLD
Kelly Martinez Acquires Retail Property In Monrovia For $2.2M
306 S Myrtle Ave, Monrovia, CA, USA
See Similar DealsRetail7,440 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$295
Total Square Footage:7,440 SF
Transaction Type:Sale
A retail property located at 306 S. Myrtle Ave. in Monrovia has been sold. The property, measuring 7,440 square feet, was sold for a price of $2,200,000, resulting in a price per square foot of $295.70. The transaction took place on November 19, 2020.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 306 S. Myrtle Ave.
- Market: Monrovia
The buyer of the property is Kelly Martinez, while the seller is William Taylor. The deal was facilitated by brokers Jamie Harrison and Chris Manassero from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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