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
Rancho Cucamonga 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
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93