Behzad Zaman Acquires Huntington Park Retail Property For $3.55M
SOLD
$3,550,000
California
See Similar DealsRetail15,040 SF
Sold 04/21/2023
SOLD
Behzad Zaman Acquires Huntington Park Retail Property For $3.55M
5600 Pacific Boulevard
See Similar DealsRetail15,040 SF
Sold 04/21/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$236
Total Square Footage:15,040 SF
Transaction Type:Sale
A retail property located at 5600 Pacific Boulevard in Huntington Park has been sold in a recent transaction. The property spans across 15,040 square feet and was sold for a total of $3,550,000, resulting in a price per square foot of $236. The transaction took place on 04/21/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,550,000
- Address: 5600 Pacific Boulevard, Huntington Park
- Market: Huntington Park
The buyer of the property is Behzad Zaman, while the seller is Mike Fayfel. Representing both parties in the deal was Yitzy Pearson from Pearson Real Estate Group.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$189,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73
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