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Land Investments Sells Retail Property In Anaheim For $5.8M

Property Image
SOLD
$5,800,000

California

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Retail26,414 SF
Sold 03/11/2021
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Property Image
SOLD

Land Investments Sells Retail Property In Anaheim For $5.8M

3430 W Lincoln Ave, Anaheim, CA, USA

See Similar Deals
Retail26,414 SF
Sold 03/11/2021
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$219
Total Square Footage:26,414 SF
Transaction Type:Sale

Located at 3430 W. Lincoln Ave. in Anaheim, this retail property was recently sold in a closed transaction. The property, spanning 26,414 square feet, was listed in the market. The sale price for this property was $5,800,000, resulting in a price per square foot of $219.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,800,000

The seller of this property was Land Investments. The deal was facilitated by CBRE brokers Alan Krueger and Vanessa Haddad.

Players

Alan Krueger
4 deals$26.8M volume
BROKER

Vanessa Haddad
Marcus & Millichap
19 deals$112.1M volume(909) 575-0000
BROKER

Details

SOLD
IMAGE: Vanessa Haddad & Alan Krueger DATE: 03/11/2021 ADDRESS: 3430 W. Lincoln Ave. MARKET: Anaheim ASSET TYPE: Retail SELLER: Land Investments BROKERS: Alan Krueger & Vanessa Haddad - CBRE SALE PRICE: $5,800,000 SF: 26,414 ~ PPSF: $219

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51