Ken Scofield Acquires Retail Property In Huntington Park From Jacob Shadpour For $2.425M
SOLD
$2,425,000
California
See Similar DealsRetail16,856 SF
Sold 10/02/2024
SOLD
Ken Scofield Acquires Retail Property In Huntington Park From Jacob Shadpour For $2.425M
2568 East Gage Avenue
See Similar DealsRetail16,856 SF
Sold 10/02/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$143
Total Square Footage:16,856 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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