Mike Nalbadian Acquires Retail Property In Whittier, CA For $1.1M From Seller Jacques T L Hunter
16554 Whittier Boulevard, Whittier, California 90603, United States
$1,100,000
$72/SF
Building Size
15,271 SF
Asset Type
Retail
Closing
Oct 26, 2022
AI
The retail property located at 16554 Whittier Blvd in Whittier, CA has been sold for a price of $1,100,000. The transaction took place on October 27, 2022, and the asset consists of 15,271 square feet of space. The property was purchased by Mike Nalbadian from the seller Jacques T L Hunter. The deal was facilitated by Gabriel Talasazan from Beverly & Company, who represented both the buyer and the seller in this dual representation scenario.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,100,000
- Square Footage: 15,271
- Buyer: Mike Nalbadian
- Seller: Jacques T L Hunter
- Broker: Gabriel Talasazan - Beverly & Company
In this all-cash transaction, Mike Nalbadian, the buyer, made an owner-user purchase. The deal was completed within a 30-day escrow period.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93