facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

9008 Foothill Boulevard

Chang Shu Acquires Retail Property In Rancho Cucamonga For $4.88M
SOLDRetail

Chang Shu Acquires Retail Property In Rancho Cucamonga For $4.88M

9008 Foothill Boulevard

$4,880,000

$295/SF

Building Size

16,539 SF

Asset Type

Retail

Closing

Nov 17, 2023

AI

The retail property located at 9008 Foothill Boulevard in Rancho Cucamonga has been sold in a transaction. The property spans over 16,539 square feet and was sold for a price of $4,880,000, resulting in a price per square foot of $295. The sale took place on November 17, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,880,000
  • Square Footage: 16,539
  • Street Address: 9008 Foothill Boulevard
  • Market: Rancho Cucamonga

The buyer for this transaction is Chang Shu, representing Celery Realty Investments. The seller of the property is Red Mountain Group Inc. Brad Umansky, from Progressive Real Estate Partners, acted as the seller's representative in this deal.

Players

Brad Umansky

Progressive Real Estate Partners

Broker

$35M

vol

7 deals

Broker

Chang Shu

Buyer

$25.6M

vol

2 deals

Buyer
RI
Red Mountain Group IncSeller

Rancho Cucamonga Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.25%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93