5325 Denny Avenue LLC Acquires Retail Property In Orange County For $6.555M
SOLD
California
See Similar DealsRetail6,800 SF
Sold 08/18/2021
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 DealsRetail6,800 SF
Sold 08/18/2021
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.
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Deal Type
30 years
10 years
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
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