Foothill Cardiology Group Acquires Office In Arcadia For $5.2M
30 South 1st Avenue
$5,200,000
$407/SF
Building Size
12,777 SF
Asset Type
Office
Closing
Jul 19, 2022
AI
The office property located at 30 S. 1st Ave. in Arcadia has been sold. The transaction was facilitated by Foothill Cardiology Group as the buyer and Foothill Credit Union as the seller. The property was represented by Tina LaMonica and Rene Soto from NAI Capital Commercial on behalf of the buyer, and Corey Waite from Rubicon represented the seller. The sale price for the property was $5,200,000. The office space spans 12,777 square feet, resulting in a price per square foot of $406.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,200,000
- Square Footage: 12,777
- Price per Square Foot: $406
Tina LaMonica and Rene Soto from NAI Capital Commercial represented the buyer, Foothill Cardiology Group, in the transaction. Corey Waite from Rubicon acted as the seller's representative on behalf of Foothill Credit Union. This deal marks another successful transaction in the Arcadia market.
Players
Council Bluffs Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93