Santa Anita Investment Purchases Development Site From Sherri Scherer For $3.1M In Arcadia
SOLD
$3,100,000
California
See Similar DealsDevelopment Site
Sold 12/20/2025
SOLD
Santa Anita Investment Purchases Development Site From Sherri Scherer For $3.1M In Arcadia
220 North 1st Avenue
See Similar DealsDevelopment Site
Sold 12/20/2025
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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