SOLDRetail
Goldrich & Kest Industries Acquires Retail Property In West Covina For $44.8M
1234 West Cameron Avenue, West Covina, CA, USA
$44,800,000
$23,906/SF
Building Size
1,874 SF
Asset Type
Retail
Closing
Mar 25, 2018
AI
The property involved in this transaction is a retail asset located at 1234 West Cameron Avenue in Los Angeles, in the West Covina market. The property was sold for a price of $44,800,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $44,800,000
- Buyer: Goldrich & Kest Industries - Barry Cayton and Ezra Kest, M.D.
- Seller: Waterton Associates - David Schwartz
- Broker: Shane Shafer of Berkadia
The buyer of this property is Goldrich & Kest Industries, represented by Barry Cayton and Ezra Kest, M.D. The seller is Waterton Associat
Players
West Covina 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93