Updated Feb 18, 2025
Dream1212 LLC Purchases Restaurant Space In Arcadia For $4 Million With Daum Brokers
1212 Baldwin Avenue
$4,000,000
$800/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Feb 7, 2025
About this deal
AI
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.
On the Map
$4,000,000
$800/SF
Retail
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Players
Arcadia 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93