Updated Oct 28, 2024
Voit Represents Buyer In $8.2M Retail Sale In Alhambra
1300 East Valley Boulevard, Alhambra, California 91801, United States
$8,200,000
$2,072/SF
Building Size
3,957 SF
Asset Type
Retail
Closing
Oct 13, 2022
About this deal
AI
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.
Players
Alhambra 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93