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3130 Foothill Boulevard

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

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

3130 Foothill Boulevard

$4,268,000

$397/SF

Building Size

10,747 SF

Asset Type

Retail

Closing

Mar 15, 2024

AI

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

Broker

$77.3M

vol

4 deals

Broker

La Crescenta 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

3.72%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93