Alan Smolinisky Sells Retail Property On La Habra Boulevard For $1.6M
SOLD
$1,600,000
California
See Similar DealsRetail7,000 SF
Sold 02/03/2023
SOLD
Alan Smolinisky Sells Retail Property On La Habra Boulevard For $1.6M
530 West La Habra Boulevard
See Similar DealsRetail7,000 SF
Sold 02/03/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$228
Total Square Footage:7,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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