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
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