Robhana Group Acquires Retail Property In Fullerton For $7.1M
SOLD
$7,100,000
California
See Similar DealsRetail19,000 SF
Sold 07/19/2020
SOLD
Robhana Group Acquires Retail Property In Fullerton For $7.1M
1530 South Harbor Boulevard, Fullerton, CA, USA
See Similar DealsRetail19,000 SF
Sold 07/19/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$373
Total Square Footage:19,000 SF
Transaction Type:Sale
The retail property located at 1530 S. Harbor Blvd. in Fullerton has been sold for $7,100,000. The transaction took place on July 19, 2021. The property spans a total area of 19,000 square feet, resulting in a price per square foot of $373. The sale represents a capitalization rate of 5.7%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 1530 S. Harbor Blvd., Fullerton
- Market: Fullerton
The buyer in this transaction was Robhana Group, while the seller was AJ Morgan. Elan Kermani from CityStreet Commercial served as the broker representing both parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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