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3006 East Florence Avenue, ...

Ulysses Pedroza Acquires Retail Property In Huntington Park For $2.5M
SOLDRetail

Ulysses Pedroza Acquires Retail Property In Huntington Park For $2.5M

3006 East Florence Avenue, Huntington Park, California 90255, United States

$2,500,000

$305/SF

Building Size

8,177 SF

Asset Type

Retail

Closing

Jun 30, 2022

AI

In a recent transaction in Huntington Park, a retail property located at 3006 E. Florence Ave. was sold for $2,500,000. The property spans 8,177 square feet and was purchased by Ulysses Pedroza. The seller, David Kerr, enlisted the services of Nathan Shaolian from BRC Advisors as the broker for the deal.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,500,000
  • Address: 3006 E. Florence Ave.
  • Square Footage: 8,177
  • Market: Huntington Park

Nathan Shaolian, from BRC Advisors, played a crucial role as the broker in facilitating the transaction between Ulysses Pedroza and David Kerr. The successful completion of the deal highlights the expertise and negotiation skills of the involved parties.

Players

Nathan Shaolian

Kidder Mathews

Broker

$35.4M

vol

15 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93