Maher Nakoud & Elias Name Acquire Granada Hills Retail Property For $13.8M
SOLD
$13,800,000
California
See Similar DealsRetail47,844 SF
Sold 12/01/2023
SOLD
Maher Nakoud & Elias Name Acquire Granada Hills Retail Property For $13.8M
11846 Balboa Boulevard & 11862 Balboa Boulevard
See Similar DealsRetail47,844 SF
Sold 12/01/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$288
Total Square Footage:47,844 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$736,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,028.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,419.04
Annual Debt Service$785,028.49
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