Yuval Chiprut Secures $16.6M Acquisition And Renovation Loan For Pasadena Retail Property
475 South Lake Avenue, Pasadena, CA 91101, USA
$16,600,000
$404/SF
Building Size
41,088 SF
Asset Type
Retail
Closing
Oct 29, 2021
AI
The property asset involved in this transaction is a retail space located at 475 South Lake Avenue, Pasadena, encompassing a total area of 41,088 square feet. The acquisition and renovation loan for this property amounted to $16,600,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,600,000
- Address: 475 South Lake Avenue
- Market: Pasadena
- Asset Size: 41,088 SF
- Lender: UBS
- Landlord: Yuval Chiprut
- Brokers: Jordan Ray - Lexington Henn & Steven Buchwald - Mission Capital
- Loan Type: Acquisition and Renovation Loan
The deal involved notable individuals and companies, with representation by brokers Jordan Ray and Lexington Henn from Lexington Henn & Steven Buchwald from Mission Capital, acting on behalf of the landlord Yuval Chiprut during the transaction.
Players
Pasadena Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93