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Christopher Lupo & Victor Zonni - Parker House Furniture Acquire 27.8 Acre Retail Property In Jurupa Valley, CA For $62M

Property Image
SOLD
$62,000,000

California

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Retail201,305 SF
Sold 10/28/2022
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Property Image
SOLD

Christopher Lupo & Victor Zonni - Parker House Furniture Acquire 27.8 Acre Retail Property In Jurupa Valley, CA For $62M

6237 Pats Ranch Road, Jurupa Valley, California 92505, United States

See Similar Deals
Retail201,305 SF
Sold 10/28/2022
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$308
Total Square Footage:201,305 SF
Transaction Type:Sale

Located in Jurupa Valley, CA, the retail property at 6237 Pats Ranch Road has been sold in a recent transaction. Spanning across 27.8 acres, this property offers ample space for various commercial activities.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $62,000,000
  • Date: 10/28/2022
  • Square Footage: 201,305
  • Price per Square Foot: $308
  • Address: 6237 Pats Ranch Road, Jurupa Valley, CA
  • Market: Jurupa Valley, CA
  • Buyer: Christopher Lupo & Victor Zonni - Parker House Furniture
  • Seller: Merlone Geier Partners
  • Image: Christopher Lupo

Christopher Lupo and Victor Zonni, representing Parker House Furniture, played a significant role in the purchase of this retail property. The transaction was successfully completed, with the property being sold for a total of $62,000,000. Merlone Geier Partners acted as the seller in this deal, demonstrating their involvement in the market.

Players

1 deal$62M volume
BUYER

SELLER

Details

SOLD
IMAGE: Christopher Lupo DATE: 10/28/2022 ADDRESS: 6237 Pats Ranch Road MARKET: Jurupa Valley, CA ASSET TYPE: Retail ~ ACRES: 27.8 BUYER: Christopher Lupo & Victor Zonni - Parker House Furniture (@ParkerHouseFurnitureCo) SELLER: Merlone Geier Partners SALE PRICE: $62,000,000 SF: 201,305 ~ PPSF: $308

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

$3,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$220,272.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$293,911.63
Annual Debt Service$3,526,939.57