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Dream1212 LLC Purchases Restaurant Space In Arcadia For $4 Million With Daum Brokers
SOLD
California
See Similar DealsRetail5,000 SF
Sold 02/07/2025
SOLD
Dream1212 LLC Purchases Restaurant Space In Arcadia For $4 Million With Daum Brokers
1212 Baldwin Avenue
See Similar DealsRetail5,000 SF
Sold 02/07/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$800
Total Square Footage:5,000 SF
Transaction Type:Sale
A retail property located at 1212 South Baldwin Avenue in Arcadia has been sold for $4 million. The asset spans 5,000 square feet, resulting in a price per square foot of $800.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 5,000
- Address: 1212 South Baldwin Avenue
- Market: Arcadia
- Buyer: Dream1212 LLC
- Brokers: Andrew Lara, Nathan Lara, Nick Peukpiboon & Rudy Lara - Daum Commercial Real Estate Services
Dream1212 LLC, known for owning Mama Lu’s Dumpling House, has acquired the restaurant space with the assistance of Daum Commercial Real Estate Services. The brokerage team representing the buyer consisted of Rudy Lara, Nick Peukpiboon, Nathan Lara, and Andrew Lara.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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