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16554 Whittier Boulevard, W...

Mike Nalbadian Acquires Retail Property In Whittier, CA For $1.1M From Seller Jacques T L Hunter
SOLDRetail

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.

Players

Gabriel Talasazan

Beverly & Company

Broker

$112.3M

vol

15 deals

Broker

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