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Jerick Hacobian Purchases Retail Property In La Crescenta For $4.27M

Property Image
SOLD
$4,268,000
Woody Cook
T.C. Macker
Luke Palmo
+ 2

California

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Retail10,747 SF
Sold 03/15/2024
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Property Image
SOLD

Jerick Hacobian Purchases Retail Property In La Crescenta For $4.27M

3130 Foothill Boulevard

See Similar Deals
Retail10,747 SF
Sold 03/15/2024
Woody Cook
T.C. Macker
Luke Palmo
+ 2
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$397
Total Square Footage:10,747 SF
Transaction Type:Sale

The property at 3130-3136 Foothill Boulevard in La Crescenta, a retail asset, was recently sold for $4,268,000. The property spans 10,747 square feet with a price per square foot of $397.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,268,000
  • Address: 3130-3136 Foothill Boulevard
  • Market: La Crescenta

The transaction involved the purchase by Jerick Hacobian from the sellers John Suh, Thomas Oh, and Frank Oh. The seller's representatives were T.C. Macker, Luke Palmo, and Woody Cook from WESTMAC Commercial Brokerage Company, along with Eric Sackler and Susan Lau from Coldwell Banker Commercial.

Players

Luke Palmo
WESTMAC Commercial Brokerage Company
Luke Palmo
4 deals$77.3M volume
BROKER
T.C. Macker
WESTMAC Commercial Brokerage Company
T.C. Macker
65 deals$483.6M volume(310) 966-4352
BROKER
Woody Cook
WESTMAC Commercial Brokerage Company
Woody Cook
22 deals$123M volume
BROKER
Eric Sackler
Coldwell Banker
Eric Sackler
3 deals$28.8M volume(310) 979-4990
BROKER
Susan Lau
Coldwell Banker
Susan Lau
2 deals$22.6M volume(213) 220-5466
BROKER

Details

SOLD
IMAGE: Eric Sackler, Susan Lau, T.C. Macker, Luke Palmo & Woody Cook DATE: 03/15/2024 ADDRESS: 3130-3136 Foothill Boulevard MARKET: La Crescenta ASSET TYPE: Retail BUYER: Jerick Hacobian SELLER: John Suh, Thomas Oh & Frank Oh SELLER'S REP: T.C. Macker (@Westlacre), Luke Palmo & Woody Cook (@WoodyCookcre) - WESTMAC Commercial Brokerage Company (@WestMac_CRE); Eric Sackler & Susan Lau - Coldwell Banker Commercial SALE PRICE: $4,268,000 SF: 10,747 ~ PPSF: $397

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,163.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,232.50
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