Updated Oct 28, 2024
Progressive Real Estate Partners Represents Festival Cos. In $4.1M Sale Of Claremont Retail Property
903 Foothill Boulevard, Claremont, California 91711, United States
$4,100,000
$444/SF
Building Size
9,226 SF
Asset Type
Retail
Closing
Jul 4, 2022
About this deal
AI
Located at 903-911 W. Foothill Blvd in Claremont, this retail property was recently sold in a transaction facilitated by Festival Cos. The property spans a total of 9,226 square feet and was sold for $4,100,000, resulting in a price per square foot of $444.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,100,000
- Square Feet: 9,226
- Price per Square Foot: $444
- Market: Claremont
Katherine Quach from Treeland Realty Group represented the buyer in this transaction, while Greg Bedell and Roxy Klein from Progressive Real Estate Partners served as the seller's representatives.
Players
Claremont 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93