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5600 Pacific Boulevard

Behzad Zaman Acquires Huntington Park Retail Property For $3.55M
SOLDRetail

Behzad Zaman Acquires Huntington Park Retail Property For $3.55M

5600 Pacific Boulevard

$3,550,000

$236/SF

Building Size

15,040 SF

Asset Type

Retail

Closing

Apr 21, 2023

AI

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.

Players

Yitzy Pearson

Broker

$45.8M

vol

6 deals

Broker

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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93