Sage Investco Sells Retail Property On Highway 111 In Palm Desert For $5M Through Hanley Investment Group
72306 California Highway 111, Palm Desert, California 92260, United States
$5,000,000
$733/SF
Building Size
6,816 SF
Asset Type
Retail
Closing
Aug 16, 2022
AI
The retail property located at 72306 Highway 111 in Palm Desert has been sold for a price of $5,000,000. The property spans 6,816 square feet, resulting in a price per square foot of $733.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 72306 Highway 111, Palm Desert
- Market: Palm Desert
The seller of the property was Sage Investco. The sale was facilitated by brokers Eric Wohl and CJ Kiehler from Hanley Investment Group.
Players
Palm Desert 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93