Cooper-Horowitz Brokers Secure $24M Acquisition Loan For Retail Property In Huntington Park
5731 Bickett Street
$24,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 24, 2022
AI
The retail property located at 5731 Bickett St in Huntington Park has been involved in a recent transaction. The deal was facilitated by David Horowitz and Richard Horowitz from Cooper-Horowitz. The transaction took place on 8/24/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,000,000
- Loan Type: Acquisition
- Loan Terms: 10 Year, Fixed Rate, Full Term Interest Only Loan
The loan amount for this acquisition was $24,000,000. The loan terms include a 10-year fixed rate with full term interest only. The property, located at 5731 Bickett St in Huntington Park, is a retail asset. David Horowitz and Richard Horowitz from Cooper-Horowitz played a key role in representing the parties involved in this transaction.
Players
Huntington Park 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93