Kelly Martinez Acquires Retail Property In Monrovia For $2.2M
306 S Myrtle Ave, Monrovia, CA, USA
$2,200,000
$295/SF
Building Size
7,440 SF
Asset Type
Retail
Closing
Nov 18, 2020
AI
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.
Players
Monrovia 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93