Updated Dec 18, 2023
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
About this deal
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.
On the Map
$2,500,000
$305/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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93