Private Investor Sells Huntington Beach Property For $4,099,999 With Eric Wohl As Seller's Rep
6946 Warner Ave, Huntington Beach...
$4,099,999
$476/SF
Building Size
8,600 SF
Asset Type
MultiFamily
Closing
Jul 19, 2019
AI
The property involved in this transaction is a multi-tenant retail building located at 6946 Warner Ave, Huntington Beach, California. The asset was sold for $4,099,999. The building spans a total of 8,600 square feet and was fully occupied by four tenants at the time of the sale. The property was originally built in 1973 and is shadow-anchored by Sprouts Farmers Market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,099,999
- Address: 6946 Warner Ave, Huntington Beach, CA
- Market: Huntington Beach
- Seller: Private Investor
- Buyer: Private Investor
- Seller's Representative: Eric Wohl, Hanley Investment Group - Real Estate Advisors
- Buyer's Representative: Randy Rivera, Capital Real Estate Ventures
- Tenants: Trading Post Fan Co., Advanced Dental Huntington Beach, Surf City Nails, Alternative Mind Concepts
Eric Wohl of Hanley Investment Group represented the seller in this transaction, while Randy Rivera of Capital Real Estate Ventures acted on behalf of the buyer. The deal involved a San Diego-based private investor acquiring the property from a Newport Beach, California-based private investor.
Players
Huntington Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93