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California Family Trust Sells 7-Eleven In Newport Beach For $5.24M With Kevin Held As Seller's Rep
SOLD
$5,240,000
California
See Similar DealsRetail3,651 SF
Sold 09/30/2025
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 DealsRetail3,651 SF
Sold 09/30/2025
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.
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Deal Type
30 years
10 years
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
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