Erik Egelko Of SVN Facilitates $8.5M Sale Of Retail Property On Nicole Lane In Temecula
SOLD
$8,500,000
California
See Similar DealsRetail26,233 SF
Sold 11/30/2021
SOLD
Erik Egelko Of SVN Facilitates $8.5M Sale Of Retail Property On Nicole Lane In Temecula
41789 Nicole Lane, Temecula, CA, USA
See Similar DealsRetail26,233 SF
Sold 11/30/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$324
Total Square Footage:26,233 SF
Transaction Type:Sale
Located at 41785-41789 Nicole Lane in Temecula, this retail property was recently sold for a transaction amount of $8,500,000. Spanning over 26,233 square feet, the property boasts a price per square foot of $324. The sale was facilitated by Erik Egelko of SVN.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Square Footage: 26,233
- Price Per Square Foot: $324
- Address: 41785-41789 Nicole Lane, Temecula
- Market: Temecula
Erik Egelko, representing SVN, played a pivotal role in brokering this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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