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Yaaqov Haim Acquires Retail Property From First Entertainment Credit Union For $3.3M

Property Image
SOLD
$3,300,000
Orbell Ovaness
Ara Rostamian
Ivan Prochko
+ 1

California

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Retail16,800 SF
Sold 11/27/2024
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Property Image
SOLD

Yaaqov Haim Acquires Retail Property From First Entertainment Credit Union For $3.3M

260 North Sanderson Avenue

See Similar Deals
Retail16,800 SF
Sold 11/27/2024
Orbell Ovaness
Ara Rostamian
Ivan Prochko
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$196
Total Square Footage:16,800 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 260 North Sanderson Avenue in Hemet. The sale price of the property was $3,300,000, encompassing a total square footage of 16,800, which equates to a price per square foot of $196.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $3,300,000
  • Address: 260 North Sanderson Avenue
  • Market: Hemet
  • Square Feet: 16,800
  • Price Per Square Foot: $196
  • Buyer: Yaaqov Haim
  • Seller: First Entertainment Credit Union
  • Buyer's Representative: Bob Mooney - Colliers
  • Seller's Representatives: Orbell Ovaness, Ara Rostamian & Ivan Prochko - Marcus & Millichap

Yaaqov Haim was the buyer of the property, while the seller was First Entertainment Credit Union. The transaction was facilitated with the assistance of representatives from Colliers and Marcus & Millichap, with Bob Mooney representing the buyer and Orbell Ovaness, Ara Rostamian, and Ivan Prochko representing the seller.

Players

Orbell Ovaness
Marcus & Millichap
Orbell Ovaness
24 deals$210.7M volume(213) 943-1822
BROKER
Ara Rostamian
Marcus & Millichap
Ara Rostamian
24 deals$210.7M volume(818) 823-0832
BROKER
Ivan Prochko
Marcus & Millichap
Ivan Prochko
4 deals$28.5M volume(213) 943-1814
BROKER
Bob Mooney
Bob Mooney
1 deal$3.3M volume
BROKER
Colliers
Colliers
BROKERAGE

Details

SOLD
IMAGE: Orbell Ovaness, Ara Rostamian & Ivan Prochko DATE: 11/27/2024 ADDRESS: 260 North Sanderson Avenue MARKET: Hemet ASSET TYPE: Retail BUYER: Yaaqov Haim SELLER: First Entertainment Credit Union BUYER'S REP: Bob Mooney - Colliers (@ColliersInternational) SELLER'S REP: Orbell Ovaness (@Orbell_Ovaness), Ara Rostamian (@AraRostamian_cre) & Ivan Prochko (@IvanProchko1) - (@Ovaness_Rostamian) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,300,000 SF: 16,800 ~ PPSF: $196

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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