SOLDRetail
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
47,844 SF
Asset Type
Retail
Closing
Dec 1, 2023
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.
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