Kidder Mathews Brokers Sell Baldwin Park Retail Property For $18.1M
13822 Garvey Avenue, Baldwin Park, California 91706, United States
$18,100,000
$402/SF
Building Size
45,000 SF
Asset Type
Retail
Closing
May 18, 2022
AI
Located at 13822 Garvey Ave in Baldwin Park, this retail property was sold in a recent transaction. The property spans 45,000 square feet, and the sale price was recorded at $18,100,000, resulting in an average price per square foot of $402. The deal took place on May 19, 2022. The property is situated in the Baldwin Park market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $18,100,000
- Square Footage: 45,000
- Price per Square Foot: $402
- Date: May 19, 2022
- Address: 13822 Garvey Ave
- Market: Baldwin Park
The deal was facilitated by a team of brokers from Kidder Mathews, including Tanel Harunzade, Darrell Levonian, Brittney McCarthy, Janet Neman, and Angelica Gotzev.
Players
Baldwin Park 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93