SOLDRetail
Erik Egelko Of SVN Facilitates $8.5M Sale Of Retail Property On Nicole Lane In Temecula
41789 Nicole Lane, Temecula, CA, USA
$8,500,000
$324/SF
Building Size
26,233 SF
Asset Type
Retail
Closing
Nov 29, 2021
AI
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.
Temecula 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93