David Finger Acquires Retail Property In Whittier For $2.86M
15010 Mulberry Drive, Whittier, CA 90604, USA
$2,865,000
$443/SF
Building Size
6,456 SF
Asset Type
Retail
Closing
Sep 8, 2021
AI
A retail property located at 15010 Mulberry Dr. in Whittier was recently sold for a price of $2,865,000. The property spans 6,456 square feet, resulting in a price per square foot of $443. The transaction took place on 09/08/2021. The buyer in this deal is David Finger, while the seller is Robert Melamed. The brokers involved in the transaction are David Yashar and Omid Saleh.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,865,000
- Address: 15010 Mulberry Dr.
- Market: Whittier
- Square Footage: 6,456
- Price per Square Foot: $443
- Buyer: David Finger
- Seller: Robert Melamed
- Brokers: David Yashar & Omid Saleh
David Yashar and Omid Saleh represented the buyer and seller, respectively, in this transaction.
Players
Whittier 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
5.54%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93