Updated Sep 9, 2024
JLL Represents Buyer In $6.8M Retail Sale In Banning, CA
806 W Ramsey St Banning, CA 92220, USA
$6,800,000
$393/SF
Building Size
17,272 SF
Asset Type
Retail
Closing
Aug 8, 2023
About this deal
AI
The retail property located at 806 Ramsey Street in Banning has been sold for a price of $6,800,000. Spanning across 17,272 square feet, the property boasts an average price per square foot of $394.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,800,000
- SF: 17,272
- PPSF: $394
The sale of this retail property was negotiated by Alexander Hanshaw, the seller. On the buyer's side, Tim Kuruzar from JLL acted as the representative. Representing the seller, David McNevin, Melissa Marshall, and Ian Schroeder from CBRE played a key role in finalizing the transaction.
On the Map
$6,800,000
$393/SF
Retail
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Players
Los Angeles 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93