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
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