Faris Lee Investments Brokers $17.3M Sale Of Retail Property In La Verne
2090 Foothill Boulevard, La Verne, California 91750, United States
$17,300,000
Building Size
—
Asset Type
Retail
Closing
Jul 26, 2022
AI
The retail property located at 2090 Foothill Blvd. in La Verne has been sold for a total price of $17,300,000. The transaction took place on 07/27/2022 and the property is situated in the La Verne market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,300,000
- BROKERS: Shaun Riley & Nick Miller - Faris Lee Investments
The sale of this retail property was facilitated by Shaun Riley and Nick Miller of Faris Lee Investments. They represented the buyer and seller in this transaction, ensuring a successful deal for all parties involved.
Players
La Verne 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93