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5731 Bickett Street

Cooper-Horowitz Brokers Secure $24M Acquisition Loan For Retail Property In Huntington Park
FINANCEDRetail

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

Richard Horowitz

Cooper Horowitz

Broker

$2.7B

vol

40 deals

Broker

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