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
La Crescenta Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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