Desert Capital Ventures Acquires Property In Whittier For $5.8 Million With Buyer's Rep Drew Wetherhold
SOLD
$5,800,000
California
See Similar DealsOther20,939 SF
SOLD
Desert Capital Ventures Acquires Property In Whittier For $5.8 Million With Buyer's Rep Drew Wetherhold
9150 Painter Ave, Whittier, CA, 90602
See Similar DealsOther20,939 SF
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$277
Total Square Footage:20,939 SF
Transaction Type:Sale
The La Pico Plaza, a neighborhood shopping center located at 9150 Painter Ave, Whittier, CA, 90602, was sold for $5,800,000. The retail center spans 20,939 square feet and was fully leased to 14 tenants at the time of the sale. Circle K serves as the anchor tenant for the property, contributing to its appeal in the Whittier market.
Summary of transaction details:
- Property Type: retail center
- Transaction Amount: $5,800,000.00
- Address: 9150 Painter Ave, Whittier, CA, 90602
- Market: Whittier
- Buyer: Desert Capital Ventures
- Seller: Private Investor
- Buyer's Representative: Drew Wetherhold - Marcus & Millichap
- Seller's Representative: Greg Bedell - Progressive Real Estate Partners
Greg Bedell from Progressive Real Estate Partners represented the seller in this transaction, while Drew Wetherhold from Marcus & Millichap represented the buyer, Desert Capital Ventures. The successful sale illustrates the active investment interest in neighborhood shopping centers within the region.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
Is there something missing? Send suggestions