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16904 Parthenia Street, Nor...

Tazim Hashim Acquires Retail Property In Northridge For $5.2M
SOLDRetail

Tazim Hashim Acquires Retail Property In Northridge For $5.2M

16904 Parthenia Street, Northridge, California 91343, United States

$5,200,000

$252/SF

Building Size

20,576 SF

Asset Type

Retail

Closing

Mar 7, 2022

AI

The property asset involved in this transaction is a retail property located at 16904, 16908, and 16950 Parthenia Street in the Northridge market. The property spans a total area of 20,576 square feet and was sold for a price of $5,200,000, resulting in a price per square foot of $252.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,200,000
  • Address: 16904, 16908, and 16950 Parthenia Street
  • Market: Northridge

The buyer in this transaction was Tazim Hashim, while the seller was Ross Bloom. The deal was facilitated by Matthew Luchs and Brandon Michaels, representing The Brandon Michaels Group.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

Los Angeles 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93