Updated Sep 9, 2024
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
About this deal
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