Griffin Living Sells Los Angeles Retail Property To Balboa Retail Partners For $16.9M
3828 Peck Road, El Monte, California 91732, United States
$16,924,901
$280/SF
Building Size
60,273 SF
Asset Type
Retail
Closing
Jan 12, 2022
AI
3828 Peck Rd is a retail property located in Los Angeles. The property was sold on January 12, 2022. The buyer, Balboa Retail Partners represented by Susan Overton, acquired the property from the seller, Griffin Living. The deal was facilitated by brokers Daniel Tyner and Gleb Lvovich from JLL.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $16,924,901
- Address: 3828 Peck Rd
- Market: Los Angeles
- Buyer: Balboa Retail Partners - Susan Overton
- Seller: Griffin Living
- Brokers: Daniel Tyner & Gleb Lvovich - JLL
The property spans a total of 60,273 square feet with a price per square foot of $280.
Players
El Monte 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93