Century 21 Discovery Acquires Retail Property In Fontana For $7.6M
7470 Cherry Avenue, Fontana, CA, USA
$7,600,000
$467/SF
Building Size
16,273 SF
Asset Type
Retail
Closing
Jul 9, 2020
AI
The retail property located at 7470 Cherry Avenue in Fontana has been sold. The sale took place on July 9, 2021, with a sale price of $7,600,000. The property spans a total of 16,273 square feet, resulting in a price per square foot of $467.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,600,000
- Address: 7470 Cherry Avenue
- Market: Fontana
- Buyer's Representative: Jigar Shah - Century 21 Discovery
- Seller's Representatives: John Redfield & Chris Tramontano (National Net Lease Group) - SRS Real Estate Partners
Jigar Shah from Century 21 Discovery represented the buyer in this transaction. On the seller's side, the representation was provided by John Redfield and Chris Tramontano from the National Net Lease Group at SRS Real Estate Partners.
Players
Fontana 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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93