Pinnacle Real Estate Group Represents Buyer In $3.9M Retail Property Sale
40729 Village Drive, Big Bear Lake, California 92315, United States
$3,900,000
$157/SF
Building Size
24,806 SF
Asset Type
Retail
Closing
Feb 10, 2022
AI
The retail property located at 40729 Village Drive in Big Bear Lake has been sold for $3,900,000. The property spans across 24,806 square feet, resulting in a price per square foot of $157. The transaction took place on February 11, 2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $3,900,000
- Square Footage: 24,806
- Price per Square Foot: $157
- Address: 40729 Village Drive, Big Bear Lake
- Market: Big Bear Lake
The buyer's representative in this deal was Doreen Chen from Pinnacle Real Estate Group. The seller's representatives were Greg Bedell and Roxy Klein from Progressive Real Estate Partners.
Players
Big Bear Lake 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93