Updated Jan 14, 2026
Santa Anita Investment Purchases Development Site From Sherri Scherer For $3.1M In Arcadia
220 North 1st Avenue
$3,100,000
Building Size
—
Asset Type
Development Site
Closing
Dec 20, 2025
About this deal
AI
The development site located at 220 North 1st Avenue in the Arcadia market has been involved in a sale transaction. The property was sold for $3,100,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,100,000
- Buyer: Santa Anita Investment
- Seller: Sherri Scherer - Tatge, Inc
- Brokers: John Archibald & Guillermo Olaiz - NAI Capital
- Transaction Date: 12/20/2025
The deal was facilitated by brokers John Archibald and Guillermo Olaiz, who represent NAI Capital in the transaction. The transaction reflects the activities of Santa Anita Investment and Sherri Scherer from Tatge, Inc, showcasing their involvement in this deal.
On the Map
$3,100,000
Development Site
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Players
Arcadia Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93