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Fernando Tan Acquires Retail Property On W. Route 66 In Glendora For $9.2M

Property Image
SOLD
$9,225,000
Josh Cunningham
Ryan Sharpe

California

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Retail18,661 SF
Sold 01/19/2022
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Property Image
SOLD

Fernando Tan Acquires Retail Property On W. Route 66 In Glendora For $9.2M

865 W Route 66, Glendora, CA 91740

See Similar Deals
Retail18,661 SF
Sold 01/19/2022
Josh Cunningham
Ryan Sharpe
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$494
Total Square Footage:18,661 SF
Transaction Type:Sale

The retail property located at 841-865 W. Route 66 in Glendora has been sold for a total price of $9,225,000. The property spans an area of 18,661 square feet, resulting in a price per square foot of $494. The transaction took place on January 19, 2022. The property features a prime location along Route 66 in Glendora's market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $9,225,000
  • Address: 841-865 W. Route 66, Glendora
  • Market: Glendora
  • Buyer: Fernando Tan
  • Seller: Ken Lam
  • Buyer's Representative: Ryan Sharpe - Kidder Mathews
  • Seller's Representative: Josh Cunningham - Kidder Mathews

Ryan Sharpe from Kidder Mathews represented the buyer, Fernando Tan, in this transaction. Meanwhile, Josh Cunningham, also from Kidder Mathews, represented the seller, Ken Lam.

Players

Ryan Sharpe
Kidder Mathews
Ryan Sharpe
20 deals$82.5M volume
BROKER
Josh Cunningham
Kidder Mathews
Josh Cunningham
1 deal$9.2M volume
BROKER

Details

SOLD
IMAGE: Ryan Sharpe DATE: 01/19/2022 ADDRESS: 841-865 W. Route 66 MARKET: Glendora ASSET TYPE: Retail BUYER: Fernando Tan SELLER: Ken Lam BUYER’S REP: Ryan Sharpe (@SharpeImage) (@UrbanSocalGroup) - Kidder Mathews SELLER’S REP: Josh Cunningham - Kidder Mathews SALE PRICE: $9,225,000 SF: 18,661 ~ PPSF: $494

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

$492,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,774.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,731.21
Annual Debt Service$524,774.48