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California Family Trust Sells 7-Eleven In Newport Beach For $5.24M With Kevin Held As Seller's Rep

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SOLD
$5,240,000

California

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Retail3,651 SF
Sold 09/30/2025
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SOLD

California Family Trust Sells 7-Eleven In Newport Beach For $5.24M With Kevin Held As Seller's Rep

1920 West Balboa Boulevard

See Similar Deals
Retail3,651 SF
Sold 09/30/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,435
Total Square Footage:3,651 SF
Transaction Type:Sale

A retail asset at 1920 West Balboa Boulevard in Newport Beach has been sold for $5,240,000. The property spans 3,651 square feet, and the price per square foot stands at $1,435. This transaction involved a long-term net-leased 7-Eleven location.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,240,000
  • Square Footage: 3,651
  • Price Per Square Foot: $1,435
  • Address: 1920 West Balboa Boulevard
  • Market: Newport Beach
  • Seller: California-based family trust
  • Buyer: California private investor
  • Broker: Kevin Held - SRS Real Estate Partners

Kevin Held represented the seller in this transaction, facilitating the deal between the family trust and the private investor who acquired the asset.

Players

Kevin Held
6 deals$104.6M volume
BROKER

SRS Real Estate Partners
BROKERAGE

Details

SOLD
IMAGE: Kevin Held DATE: 09/30/2025 ADDRESS: 1920 West Balboa Boulevard MARKET: Newport Beach ASSET TYPE: Retail BROKER: Kevin Held - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $5,240,000 SF: 3,651 ~ PPSF: $1,435 NOTE: SRS Real Estate Partners arranged the $5.24M sale of a 3,651-sf 7-Eleven at 1920 W. Balboa Blvd. in Newport Beach. Kevin Held represented the seller, a California-based family trust, while a California private investor bought the long-term net-leased asset.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$279,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,616.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,840.27
Annual Debt Service$298,083.28