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5325 Denny Avenue LLC Acquires Retail Property In Orange County For $6.555M

Property Image
SOLD
$6,555,000

California

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Retail6,800 SF
Sold 08/18/2021
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Property Image
SOLD

5325 Denny Avenue LLC Acquires Retail Property In Orange County For $6.555M

1345 N Grand Ave, Santa Ana, Orange County, CA, USA

See Similar Deals
Retail6,800 SF
Sold 08/18/2021
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$964
Total Square Footage:6,800 SF
Transaction Type:Sale

Located at 1345 N. Grand Ave. in Orange County, this retail property was sold in a recent transaction. The property spans approximately 6,800 square feet and was listed for an asking price of $6,555,000.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,555,000
  • Buyer: 5325 Denny Avenue LLC - Elizabeth Rona
  • Seller: Jawska LLC – Joseph Haikal
  • Brokers: Tom Chichester & Nick D'Argenzio

The buyer of this property was 5325 Denny Avenue LLC, represented by Elizabeth Rona. Jawska LLC, with Joseph Haikal as the seller, completed the sale. Tom Chichester and Nick D'Argenzio acted as the brokers in this transaction.

Players

6 deals$66.6M volume
BROKER

Nick D'Argenzio
4 deals$50.1M volume
BROKER

Details

SOLD
IMAGE: Tom Chichester & Nick D'Argenzio DATE: 08/18/2021 ADDRESS: 1345 N. Grand Ave. MARKET: Orange County ASSET TYPE: Retail BUYER: 5325 Denny Avenue LLC - Elizabeth Rona SELLER: Jawska LLC – Joseph Haikal BROKERS: Tom Chichester (@TwchiChester) & Nick D'Argenzio (@NickDzio) ASKING PRICE: $6,555,000 SALE PRICE: $6,555,000 SF: 6,800 ~ PPSF: $963

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$349,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,288.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,074.04
Annual Debt Service$372,888.53