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15214 Whittier Boulevard, W...

Orbell Ovaness, Ara Rostamian & Jason Anguiano Sell Retail Property In Whittier For $11.95M
SOLDRetail

Orbell Ovaness, Ara Rostamian & Jason Anguiano Sell Retail Property In Whittier For $11.95M

15214 Whittier Boulevard, Whittier, CA 90603

$11,950,000

$361/SF

Building Size

33,087 SF

Asset Type

Retail

Closing

May 12, 2021

AI

15214 Whittier Blvd is a retail property located in Whittier. The property was sold on 05/13/2021. The asset consists of 33,087 square feet with a price per square foot of $361. The asking price was $12,127,500, and it was eventually sold for $11,950,000. The transaction resulted in a 5.41% capitalization rate.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $11,950,000
  • Market: Whittier
  • Address: 15214 Whittier Blvd
  • Asking Price: $12,127,500
  • Square Footage: 33,087
  • Price per Square Foot: $361
  • BROKERS: Orbell Ovaness - BrkrDis, Ara Rostamian - Ara_H_Rostamian, Jason Anguiano - JasonofLa vaness_rostamian

Orbell Ovaness, Ara Rostamian, and Jason Anguiano were the brokers involved in this transaction. For more information on their current deal inventory, you can visit their team website at http://www.OvanessRostamianGroup.com. Additionally, you can sign up for their Weekly Bottom Line newsletter, covering today's most relevant investment retail real estate news.

Players

Orbell Ovaness

Marcus & Millichap

Broker

$210.7M

vol

24 deals

Broker

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

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93