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187 N Sierra Madre Blvd, Pa...

Isaiah Brito Acquires Retail-Restaurant Property In Pasadena For $2.62M
SOLDRetail

Isaiah Brito Acquires Retail-Restaurant Property In Pasadena For $2.62M

187 N Sierra Madre Blvd, Pasadena, CA, USA

$2,620,000

$733/SF

Building Size

3,574 SF

Asset Type

Retail

Closing

Aug 16, 2021

AI

Located at 187 N. Sierra Madre Blvd. in Pasadena, this retail property has recently been sold. The asset type of this property is a restaurant, making it an attractive investment opportunity in the market.

Summary of transaction details

  • Property Type: Retail - Restaurant
  • Sale Price: $2,620,000
  • Date: 08/17/2021
  • Market: Pasadena
  • Buyer: Isaiah Brito
  • Seller: Bahram Ghofranian
  • Brokers: David Yashar & Omid Saleh

The buyer, Isaiah Brito, successfully acquired the property from the seller, Bahram Ghofranian. The transaction was facilitated by brokers David Yashar and Omid Saleh, who represented the respective parties throughout the deal.

Players

David Yashar

Keller Williams Realty

Broker

$25.9M

vol

8 deals

Broker

Pasadena 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

6.05%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93