Voit Represents Buyer In $8.2M Retail Sale In Alhambra
SOLD
$8,200,000
California
See Similar DealsRetail3,957 SF
Sold
SOLD
Voit Represents Buyer In $8.2M Retail Sale In Alhambra
1300 East Valley Boulevard, Alhambra, California 91801, United States
See Similar DealsRetail3,957 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2072
Total Square Footage:3957 SF
Transaction Type:Sale
Located at 1300 E. Valley Blvd., this retail property in Alhambra spans across 1.4 acres. The transaction took place on October 14, 2022, with a sale price of $8,200,000. The property boasts 3,957 square feet of space, with a price per square foot of $2,072. The seller, SBH Real Estate Group represented by Eric Silverman, finalized the deal with the buyer's representative, Voit. The National Net Lease Group of SRS Real Estate Partners, represented by Matthew Mousavi and Patrick Luther, served as the seller's representatives.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 1300 E. Valley Blvd.
- Market: Alhambra
- Total Acres: 1.4
- Square Feet: 3,957
- Price per Square Foot: $2,072
Ben Townsend and Matt Marlin from SRS served as the mortgage brokers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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