Updated Sep 9, 2024
Wael Sawan Acquires Retail Property In Huntington Beach For $5.03M
16001 Beach Boulevard
$5,027,000
$2,227/SF
Building Size
2,257 SF
Asset Type
Retail
Closing
Dec 29, 2022
About this deal
AI
The retail property located at 16001 Beach Boulevard in Huntington Beach has been sold in a transaction for $5,027,000. The property spans a total area of 2,257 square feet, resulting in a price per square foot of $2,227.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,027,000
- Address: 16001 Beach Boulevard
- Market: Huntington Beach
- Buyer: Wael Sawan
- Seller: Kaiser Korkis
- Brokers: Brandon Michaels & Matthew Luchs - Marcus & Millichap
Wael Sawan has purchased the retail property from Kaiser Korkis. The deal was facilitated by brokers Brandon Michaels and Matthew Luchs from Marcus & Millichap.
Players
Huntington Beach 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
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93