Eric Chen & Joyce Goldstein Of CBRE Sell Mixed-Use Property In Arcadia For $39.2M
57 Wheeler Avenue, Arcadia, CA 91006, USA
$39,200,000
$618/SF
Building Size
63,432 SF
Asset Type
Mixed-use
Closing
Nov 8, 2021
AI
A mixed-use property located at 57 Wheeler Avenue in Arcadia has been sold for a total price of $39,200,000. The property spans across 63,432 square feet, resulting in a price per square foot of $618. The sale took place on November 8, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $39,200,000
- Address: 57 Wheeler Avenue, Arcadia
- Market: Arcadia
The sale was facilitated by brokers Eric Chen and Joyce Goldstein from CBRE, representing the parties involved in the transaction.
Players
Arcadia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93