Hanley Investment Group Represents Adler Realty Investments In $3.3M Fontana Retail Sale
South Highland Avenue, Los Angeles, CA
$3,300,000
$392/SF
Building Size
8,400 SF
Asset Type
Retail
Closing
Jun 21, 2020
AI
Adler Realty Investments, represented by Michael S. Adler, recently completed the sale of a retail property located on S Highland Ave in Fontana. The property spans approximately 8,400 square feet and was sold for a price of $3,300,000, resulting in a price per square foot of $392.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: S Highland Ave, Fontana
- Market: Fontana
The sale was facilitated by Kevin Fryman, Bill Asher, and Jeff Lefko from Hanley Investment Group, who represented the seller, Adler Realty Investments. Their expertise and guidance played a crucial role in successfully completing the transaction.
Players
Los Angeles 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93