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1450 S Harbor Blvd La Habra...

Updated Sep 5, 2024

SOLDRetail

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

Daniel Tyner

JLL

Broker

$2.2B

vol

67 deals

Broker

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $535 per square foot on a published $12.5M for 23,314 square feet (2023).

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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

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