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South Highland Avenue, Los ...

Hanley Investment Group Represents Adler Realty Investments In $3.3M Fontana Retail Sale
SOLDRetail

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

Bill Asher

Hanley Investment Group

Broker

$658.2M

vol

91 deals

Broker
Michael Adler

Michael Adler

Adler Realty Investments

Seller

$44.4M

vol

5 deals

Seller

Los Angeles 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93