Tacos El Superior Acquires Retail Property In Irwindale
SOLD
$2,330,000
California
See Similar DealsRetail1,740 SF
Sold 03/30/2023
SOLD
Tacos El Superior Acquires Retail Property In Irwindale
15716 Arrow Highway
See Similar DealsRetail1,740 SF
Sold 03/30/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,339
Total Square Footage:1,740 SF
Transaction Type:Sale
The retail property located at 15716 Arrow Highway in Irwindale has been sold. The property spans 1,740 square feet and was sold for a price of $2,330,000, which translates to a price per square foot of $1,339. The transaction took place on 03/30/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,330,000
- Address: 15716 Arrow Highway, Irwindale
- Square Footage: 1,740
- Price per Square Foot: $1,339
- Market: Irwindale
The buyer of the property is Tacos El Superior, and the sellers are Menh Song Lu and Ya Hua Lu. Representing the buyer and seller in the transaction is Chris Mckenzie from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,277.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,045.39
Annual Debt Service$132,544.66
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