Updated Dec 4, 2024
Sarkis Daldumyan Of Inc Secures $3.105M SBA 504 Loan For Retail In San Francisco
Geary Boulevard
$3,105,000
$275/SF
Building Size
11,274 SF
Asset Type
Retail
Closing
Oct 21, 2024
About this deal
AI
The property involved in the transaction is a retail asset located at 5321-5323 Geary Blvd. & 5327-5335 Geary Blvd., San Francisco, CA. The retail space encompasses a total square footage of 11,274. The loan amount for this acquisition is $3,105,000, with terms outlined as an SBA 504 loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,105,000
- Loan Type: Acquisition
- Loan Terms: SBA 504
- Broker: Sarkis Daldumyan
- Agency: Inc
The broker for this transaction, Sarkis Daldumyan, represents the interests involved in securing the loan for this acquisition. His association with Inc highlights the brokerage's role in facilitating this financial transaction for the retail property.
San Francisco 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
5.11%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93