Updated Dec 4, 2024
Maher Nakoud & Elias Name Acquire Granada Hills Retail Property For $13.8M
11846 Balboa Boulevard & 11862 Balboa Boulevard
$13,800,000
$288/SF
Building Size
23,922 SF
Asset Type
Retail
Closing
Dec 1, 2023
About this deal
AI
The retail property located at 11846-11862 Balboa Boulevard in Granada Hills has been sold for $13,800,000. The property spans across 23,922 square feet, resulting in a price per square foot of $577.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $13,800,000
- Square Footage: 23,922
- Address: 11846-11862 Balboa Boulevard, Granada Hills
- Market: Granada Hills
Maher Nakoud and Elias Name have purchased the property. The transaction was facilitated by Zoey Granott from Urbanlime Real Estate.
The retail sale at 11846 Balboa Boulevard in Granada Hills, California sold for $13.8M in 2023. The building is 47,844 square feet, implying about 288 per square foot on the published price. Zoey Granott, Urbanlime Real Estate appear on the sale alongside Urbanlime Real Estate. This page is the Granada Hills, California file for the 11846 Balboa Boulevard retail sold: pricing, party profiles, and other closed retail comps from the same Granada Hills sit in the Market section below. Filter that Granada Hills retail set by closing date to see what else sold near 11846 Balboa Boulevard around 2023. Published consideration for 11846 Balboa Boulevard is $13.8M, dated 2023. Cite this Maher Nakoud & Elias Name Acquire Granada Hills Retail Property For $13.8M sale when underwriting similar retail product around Granada Hills, California.
Granada Hills 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93