Alan Smolinisky Sells Retail Property On La Habra Boulevard For $1.6M
530 West La Habra Boulevard
$1,600,000
$228/SF
Building Size
7,000 SF
Asset Type
Retail
Closing
Feb 3, 2023
AI
The retail property located at 530 West La Habra Boulevard in La Habra, was sold for $1,600,000. The property spans 7,000 square feet, resulting in a price per square foot of $229. The seller of the asset was Alan Smolinisky, with the sale facilitated by broker Blas Fernandez from Blas Property Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 530 West La Habra Boulevard
- Market: La Habra
- Seller: Alan Smolinisky
- Broker: Blas Fernandez - Blas Property Group
- Square Footage: 7,000
- Price Per Square Foot: $229
Blas Fernandez, from Blas Property Group, represented the seller, Alan Smolinisky, in the transaction of the retail property on La Habra Boulevard.
Players
Market 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93