Orbell Ovaness, Ara Rostamian & Jason Anguiano Sell Retail Property In Whittier For $11.95M
SOLD
$11,950,000
California
See Similar DealsRetail33,087 SF
Sold 05/13/2021
SOLD
Orbell Ovaness, Ara Rostamian & Jason Anguiano Sell Retail Property In Whittier For $11.95M
15214 Whittier Boulevard, Whittier, CA 90603
See Similar DealsRetail33,087 SF
Sold 05/13/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$361
Total Square Footage:33,087 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$637,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,455.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,649.10
Annual Debt Service$679,789.16
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