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1129 South Fremont Avenue A...

Updated Oct 29, 2024

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
LEASEDRetail

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

About this deal

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.

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Players

RC
Ratkovich CompanyLandlord
L
LabcorpTenant
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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

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