Updated Oct 28, 2024
Ram Ramasawamy Acquires Retail Property In Orange County From Stanford Hotels Corporation For $11.29M
19001 Brookhurst Street, Huntington Beach, Orange, CA, USA
$11,290,000
$995/SF
Building Size
11,338 SF
Asset Type
Retail
Closing
Sep 30, 2021
About this deal
AI
The retail property located at 19001 Brookhurst Street in Orange County has been sold. The transaction took place on September 30, 2021, with a sale price of $11,290,000. The property spans an area of 11,338 square feet, resulting in a price per square foot of $995.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,290,000
- Address: 19001 Brookhurst Street, Orange County
- Market: Orange County
The buyer of the property was Ram Ramasawamy, while the seller was Stanford Hotels Corporation. The deal was facilitated by brokers Daniel Tyner and Gleb Lvovich from JLL.
Players
Huntington Beach 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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93