NAI Capital Sells 2.06-Acre Development Site In Rosemead, CA For $8.15M To Cat Home LLC
9637 Valley Blvd Rosemead, CA 91770, USA
$8,150,000
Building Size
—
Asset Type
Development Site
Closing
Jul 25, 2023
AI
A 2.06-acre mixed-use development site located at 9637 Valley Boulevard in Rosemead, CA has been sold for $8.15 million. The property has the potential for over 100 multifamily units and features a live/work design concept and outdoor dining options. The transaction was completed by NAI Capital, with Cat Home LLC as the buyer.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $8,150,000
- Address: 9637 Valley Boulevard, Rosemead, CA
- Market: Rosemead
- Size: 2.06 acres
The sale of this development site was facilitated by NAI Capital's brokers, Ryan Campbell, Steve Liu, and Nikki Liu. Their expertise and negotiation skills played a vital role in successfully closing the deal. Cat Home LLC, the buyer of the property, recognized the potential of the site for multifamily development and seized the opportunity.
Players
Los Angeles 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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93