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10733 Lower Azusa Road

Christina Lam & Billy Lam Acquire Retail Property In El Monte, CA For $1.6M
SOLDRetail

Christina Lam & Billy Lam Acquire Retail Property In El Monte, CA For $1.6M

10733 Lower Azusa Road

$1,600,000

$396/SF

Building Size

4,034 SF

Asset Type

Retail

Closing

Sep 23, 2022

AI

The retail property located at 10733 Lower Azusa Rd in El Monte, CA has been sold in a recent transaction. The property spans a total of 4,034 square feet and was sold for a price of $1,600,000, resulting in a price per square foot of $397. The property is situated in the El Monte market, offering potential for retail business opportunities.

Summary of transaction details

The transaction was facilitated by brokers Brandon Michaels, Matthew Luchs, and Andy Kawatra from Marcus & Millichap. They represented the buyer Christina Lam & Billy Lam and worked with the seller, Eddy Cheung. With their expertise, the deal successfully closed, providing a valuable opportunity for both the buyer and the seller.

Players

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

El Monte Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93