Updated Sep 9, 2024
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
About this deal
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