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22225 Southwest 117th Avenue

Diego Meseguer Purchases Mixed-Use Property In Redlands For $1.45M With Broker Samira Garcia & Cindy Vallejos
SOLDMixed-use

Diego Meseguer Purchases Mixed-Use Property In Redlands For $1.45M With Broker Samira Garcia & Cindy Vallejos

$1,450,000

$3/SF

Building Size

435,600 SF

Asset Type

Mixed-use

Closing

Feb 3, 2025

AI

The property involved in this transaction is a mixed-use asset located in Redlands. It was acquired at a sale price of $1,450,000, encompassing a total square footage of 435,600, which equates to a price per square foot of $3.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,450,000
  • Buyer: Diego Meseguer
  • Seller: Jesus Perez, Antonio Perez & Jose Prez
  • Buyer's Representative: Samira Garcia & Cindy Vallejos - Luxe Properties
  • Sale Price: $1,450,000
  • Square Footage: 435,600
  • Price Per Square Foot: $3

The buyer, Diego Meseguer, was represented in this deal by brokers Samira Garcia and Cindy Vallejos from Luxe Properties. The sellers of the property include Jesus Perez, Antonio Perez, and Jose Prez. Note that the successful acquisition by Norrisville LLC aims to split the folios while preserving the agricultural exemption or maintaining the farm's agricultural use alongside its residential potential.

Players

Samira Garcia

Luxe Properties

Broker

$1.5M

vol

1 deal

Broker

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93