Hanley Investment Group Real Estate Advisors Acquires Moreno Valley Retail Property For $3.2M
24855 Iris Avenue
$3,200,000
Building Size
—
Asset Type
Retail
Closing
Feb 27, 2023
About this deal
AI
The retail property located at 24855 Iris Avenue in Moreno Valley has been sold. The property, spanning 0.80 acres, was transacted on 02/27/2023. The sale price for this retail asset was $3,200,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 24855 Iris Avenue
- Market: Moreno Valley
- ACRES: 0.80
The seller of the property was Inland Iris Partners, Inc., an affiliate of The Lynch Group Inc. The buyer was represented by Amy Kim from Hanbada Realty. On the other hand, the seller was represented by Bill Asher, Jeff Lefko, and Ed Hanley from Hanley Investment Group Real Estate Advisors, along with Jason Gordon from Epsteen & Associates.
Players
Garnavillo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Garnavillo retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93