The Ratkovich Company Expands Leases At The Shops At The Alhambra To 88% With New Tenants Including Labcorp, Johnny Rockets-Hurricane Grill, And Burnt Belly
1129 South Fremont Avenue Alhambra, California 91803, USA
Building Size
5,640 SF
Asset Type
Retail
Closing
Aug 23, 2023
AI
The Ratkovich Company has expanded leases at The Shops at The Alhambra, a retail center located at 1129 South Fremont Avenue in Alhambra. The property, spanning 5,640 square feet, has reached 88% occupancy with the addition of new tenants including Labcorp, Johnny Rockets-Hurricane Grill, and Burnt Belly. The retail center is owned by The Ratkovich Company and managed by GE Property Management, Inc.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1129 South Fremont Avenue, Alhambra
- Market: Alhambra
- Square Footage: 5,640
- Landlord: The Ratkovich Company
- Tenant: Labcorp, Johnny Rockets-Hurricane Grill, Burnt Belly
- Broker: GE Property Management, Inc
Through lease expansions, The Ratkovich Company has successfully increased occupancy at The Shops at The Alhambra to 88%. This growth has been facilitated by the addition of Labcorp, Johnny Rockets-Hurricane Grill, and Burnt Belly as new tenants, contributing to the enhancement of the Alhambra retail center.
Players
Riverton Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93