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2568 East Gage Avenue

Ken Scofield Acquires Retail Property In Huntington Park From Jacob Shadpour For $2.425M
SOLDRetail

Ken Scofield Acquires Retail Property In Huntington Park From Jacob Shadpour For $2.425M

2568 East Gage Avenue

$2,425,000

$143/SF

Building Size

16,856 SF

Asset Type

Retail

Closing

Oct 2, 2024

AI

The property involved in this transaction is located at 2568 East Gage Avenue, Huntington Park, California. It represents a retail asset, encompassing a total area of 16,856 square feet. The transaction was finalized for a sale price of $2,425,000, resulting in a price per square foot of $143.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,425,000
  • Square Footage: 16,856
  • Address: 2568 East Gage Avenue
  • Market: Huntington Park
  • Price per Square Foot: $143

The key individuals involved in this transaction are buyer Ken Scofield and brokers Luigy Alvarez and Floyd Shaheen, who represent the firm Marcus & Millichap in this deal. Their roles were significant in facilitating the transaction.

Players

Floyd Shaheen

Marcus & Millichap

Broker

$82M

vol

29 deals

Broker

Huntington Park 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

6.54%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93