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
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 10733 Lower Azusa Rd, El Monte, CA
- Market: El Monte, CA
- Buyer: Christina Lam & Billy Lam
- Seller: Eddy Cheung
- Brokers: Brandon Michaels, Matthew Luchs & Andy Kawatra - Marcus & Millichap
- Square Footage: 4,034
- Price per Square Foot: $397
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
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