Nellie Haick & Wilfred Haick Acquire Retail Property In Hanford For $3.95M
SOLD
$3,950,000
+ 1
California
See Similar DealsRetail4,993 SF
Sold 07/16/2021
SOLD
Nellie Haick & Wilfred Haick Acquire Retail Property In Hanford For $3.95M
1665 W Lacey Blvd, Hanford, CA, USA
See Similar DealsRetail4,993 SF
Sold 07/16/2021
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$791
Total Square Footage:4,993 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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