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1665 W Lacey Blvd, Hanford,...

Nellie Haick & Wilfred Haick Acquire Retail Property In Hanford For $3.95M
SOLDRetail

Nellie Haick & Wilfred Haick Acquire Retail Property In Hanford For $3.95M

1665 W Lacey Blvd, Hanford, CA, USA

$3,950,000

$791/SF

Building Size

4,993 SF

Asset Type

Retail

Closing

Jul 16, 2021

AI

The retail property located at 1665 W. Lacey Blvd in Hanford has been sold. The transaction took place on July 16, 2021. The property spans 4,993 square feet and was sold for a price of $3,950,000, resulting in a price per square foot of $791. The buyer of the property is Nellie Haick and Wilfred Haick, while the seller is Moisce Belinow. The deal was facilitated by brokers Brandon Michaels, Matthew Luchs, and Andrew Leff.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: $3,950,000
  • Address: 1665 W. Lacey Blvd
  • Market: Hanford

The acquisition of the retail property at 1665 W. Lacey Blvd in Hanford was completed by buyers Nellie Haick and Wilfred Haick. The sale was brokered by Brandon Michaels, Matthew Luchs, and Andrew Leff. This successful transaction marks an important milestone for all parties involved.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

Moisce Belinow

Seller

$40M

vol

2 deals

Seller

Hanford 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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93