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5731 Bickett St

Updated Dec 19, 2023

SOLD

Cooper-Horowitz Secures $24M Acquisition Loan For Retail Property In Huntington Park

5731 Bickett St

Building Size

Asset Type

Closing

Aug 24, 2022

About this deal

AI

The retail property located at 5731 Bickett St in Huntington Park has recently undergone a closed transaction. The acquisition deal was facilitated by David Horowitz and Richard Horowitz of Cooper-Horowitz.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $24,000,000
  • Loan Type: Acquisition
  • Loan Terms: 10 Year, Fixed Rate, Full Term Interest Only Loan

The loan provided for this transaction amounted to $24,000,000. It was specifically tailored for the acquisition of the retail property located at 5731 Bickett St. This loan comes with a fixed interest rate and a term of 10 years, during which the borrower is only required to pay interest.

David Horowitz and Richard Horowitz, representing Cooper-Horowitz, played a key role in finalizing this deal, ensuring a successful acquisition of the retail property.

Players

Vernon CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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