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Kevin Bibayan Acquires Retail Property In Baldwin Park For $4.9M

Property Image
SOLD
$4,900,000
Blas Fernandez
Jay Martinez

California

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Retail13,870 SF
Sold 09/27/2021
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Property Image
SOLD

Kevin Bibayan Acquires Retail Property In Baldwin Park For $4.9M

14914 Pacific Ave, Baldwin Park, CA, USA

See Similar Deals
Retail13,870 SF
Sold 09/27/2021
Blas Fernandez
Jay Martinez
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$353
Total Square Footage:13,870 SF
Transaction Type:Sale

A retail property located at 3660 & 3650 Puente Ave. & 14914 Pacific Ave. in Baldwin Park has been sold for a price of $4,900,000. The property spans 13,870 square feet, resulting in a price per square foot of $353. The transaction took place on 09/27/2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,900,000
  • Square Footage: 13,870
  • Price Per Square Foot: $353
  • Address: 3660 & 3650 Puente Ave. & 14914 Pacific Ave., Baldwin Park
  • Market: Baldwin Park

The buyer in this transaction is Kevin Bibayan, while the seller is Daryoush Lalezarikhah. Representing the buyer is Jay Martinez, and the seller is represented by Blas Fernandez.

Players

Blas Fernandez
IKON Properties
Blas Fernandez
33 deals$88.5M volume(818) 319-9191
BROKER
Jay Martinez
Kidder Mathews
Jay Martinez
41 deals$145.3M volume(310) 658-3375
BROKER
Keller Williams Realty
Keller Williams Realty
BROKERAGE

Details

SOLD
IMAGE: Blas Fernandez & Jay Martinez DATE: 09/27/2021 ADDRESS: 3660 & 3650 Puente Ave. & 14914 Pacific Ave. MARKET: Baldwin Park ASSET TYPE: Retail BUYER: Kevin Bibayan SELLER: Daryoush Lalezarikhah BUYER’S REP: Jay Martinez (@JayMartinezHudson) SELLER’S REP: Blas Fernandez (@AgentBlas) - (@BlasPropertyGroup) SALE PRICE: $4,900,000 SF: 13,870 ~ PPSF: $353

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

$261,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00