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
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.
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