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903 Foothill Boulevard, Cla...

Progressive Real Estate Partners Represents Festival Cos. In $4.1M Sale Of Claremont Retail Property
SOLDRetail

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

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

Greg Bedell

Progressive Real Estate Partners

Broker

$176.4M

vol

33 deals

Broker

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