Updated Jan 24, 2025
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
About this deal
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.
On the Map
$2,425,000
$143/SF
Retail
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Players
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