Eric Chen & Joyce Goldstein Of CBRE Sell Mixed-Use Property In Arcadia For $39.2M
SOLD
$39,200,000
California
See Similar DealsMixed-use63,432 SF
Sold 11/08/2021
SOLD
Eric Chen & Joyce Goldstein Of CBRE Sell Mixed-Use Property In Arcadia For $39.2M
57 Wheeler Avenue, Arcadia, CA 91006, USA
See Similar DealsMixed-use63,432 SF
Sold 11/08/2021
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$618
Total Square Footage:63,432 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,090,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$139,269.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$185,828.00
Annual Debt Service$2,229,935.99
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