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Private Investor Sells Huntington Beach Property For $4,099,999 With Eric Wohl As Seller's Rep

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SOLD
$4,099,999

California

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MultiFamily8,600 SF
Sold 07/19/2019
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SOLD

Private Investor Sells Huntington Beach Property For $4,099,999 With Eric Wohl As Seller's Rep

6946 Warner Ave, Huntington Beach...

See Similar Deals
MultiFamily8,600 SF
Sold 07/19/2019
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$476
Total Square Footage:8,600 SF
Transaction Type:Sale

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

Eric Wohl
12 deals$77.9M volume
BROKER

Randy Rivera
Capital Real Estate Ventures
1 deal$4.1M volume(619) 398-8901
BROKER

Details

SOLD
IMAGE: 6946 Warner Ave, Huntington Beach... MARKET: Huntington Beach SELLER'S REP: Eric Wohl(Hanley Investment Group - Real Estate Advisors) BUYER: Private Investor SELLER: Private Investor PRICE: $4,099,999.00 SF: 8600

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$14,566.43
Cash-on-Cash Return-1.27%
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