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Lone Hill & Route 66

Skin Perfect Acquires Retail Property In Glendora, CA For $2.6M
SOLDRetail

Skin Perfect Acquires Retail Property In Glendora, CA For $2.6M

Lone Hill & Route 66

$2,600,000

$92/SF

Building Size

28,000 SF

Asset Type

Retail

Closing

Mar 10, 2023

AI

A retail property located at Lone Hill & Route 66 in Glendora, CA has been sold in a closed transaction. The property, spanning 28,000 square feet, was purchased by Skin Perfect from the seller, Burk Family, for a total amount of $2,600,000. The price per square foot for the transaction was $93.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,600,000
  • Address: Lone Hill & Route 66, Glendora, CA
  • Buyer: Skin Perfect
  • Seller: Burk Family
  • Broker: Vanessa Haddad - CBRE
  • Square Footage: 28,000
  • Price Per Square Foot: $93

The deal was facilitated by Vanessa Haddad from CBRE. As the buyer's representative, Vanessa played a crucial role in the transaction, ensuring a successful outcome for both parties involved.

Players

Vanessa Haddad

Marcus & Millichap

Broker

$112.1M

vol

19 deals

Broker
CBRE
CBREBrokerage

Allison 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93