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41789 Nicole Lane, Temecula...

Erik Egelko Of SVN Facilitates $8.5M Sale Of Retail Property On Nicole Lane In Temecula
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.

Players

Erik Egelko

Palm Tree Properties

Broker

$18.2M

vol

5 deals

Broker

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