Updated Dec 21, 2023
Fernando Tan Acquires Retail Property On W. Route 66 In Glendora For $9.2M
865 W Route 66, Glendora, CA 91740
$9,225,000
$494/SF
Building Size
18,661 SF
Asset Type
Retail
Closing
Jan 18, 2022
About this deal
AI
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
Azusa 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93