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
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