CBRE Sells Retail Property On Huntington Dr. In Los Angeles For $2.15M
SOLD
California
See Similar DealsRetail20,100 SF
Sold 03/10/2022
SOLD
CBRE Sells Retail Property On Huntington Dr. In Los Angeles For $2.15M
1350 Huntington Drive, Duarte, California 91010, United States
See Similar DealsRetail20,100 SF
Sold 03/10/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$107
Total Square Footage:20,100 SF
Transaction Type:Sale
The retail property located at 1350 E. Huntington Dr. in Los Angeles has been sold for $2,150,000. The property spans 20,100 square feet, resulting in a price per square foot of $106. The transaction took place on 03/10/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,150,000
- Address: 1350 E. Huntington Dr.
- Market: Los Angeles
- Square Footage: 20,100
- Price per Square Foot: $106
The sale was facilitated by David McNevin, Melissa Ley, Ian Schroeder, and Matt Burns from CBRE, who represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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