Updated Oct 28, 2024
Donahue Schriber Realty Group Sells Retail Property In Menifee For $121.2M
I-215, Menifee, CA, USA
$121,175,000
$167/SF
Building Size
721,739 SF
Asset Type
Retail
Closing
Oct 25, 2021
About this deal
AI
Donahue Schriber Realty Group has sold a retail property located at I-215 & Newport Road in Menifee. The property, spanning 721,739 square feet, was sold for a price of $121,175,000, resulting in a price per square foot of $167.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $121,175,000
- Address: I-215 & Newport Road
- Market: Menifee
The sale of this retail property was facilitated by the real estate brokerage firm Lucescu Realty, with Mark Lucescu, Joseph Redmond, and Tanner Engelage representing both the buyer and seller. This transaction marks a significant deal in the Menifee market, showcasing the ongoing activity and potential in the retail sector.
Players
Sun City 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93