Updated Sep 5, 2024
JLL Capital Markets Closes Sale Of The Row On Harbor Retail Center In La Habra, CA For $12.48M
1450 S Harbor Blvd La Habra, CA 90631, USA
$12,480,000
$535/SF
Building Size
23,314 SF
Asset Type
Retail
Closing
May 3, 2023
About this deal
AI
The Row on Harbor, a 23,314-square-foot retail strip center located at 1450-1478 S. Harbor Blvd. in La Habra, California, has been sold for $12.48 million. The property is fully leased to fourteen tenants, including EggBred and Club Pilates. Situated in a dense and affluent area of Orange County with direct access to Harbor Blvd., the newly renovated retail center offers a prime location for businesses.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12.48 million
- Address: 1450 S Harbor Blvd, La Habra, CA 90631, USA
JLL Capital Markets facilitated the sale of The Row on Harbor, representing the seller in the transaction. The deal demonstrates the attractiveness of the retail property to investors, given its strategic location and fully leased status. With its diverse range of tenants and proximity to major thoroughfares, the retail strip center presents an excellent investment opportunity in the La Habra market.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93