Updated Oct 1, 2025
California Family Trust Sells 7-Eleven In Newport Beach For $5.24M With Kevin Held As Seller's Rep
1920 West Balboa Boulevard
$5,240,000
$1,435/SF
Building Size
3,651 SF
Asset Type
Retail
Closing
Sep 30, 2025
About this deal
AI
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.
On the Map
$5,240,000
$1,435/SF
Retail
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Players
Newport 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
3.03%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93