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Jason Maier Of Stan Johnson Co. Acquires Retail Property In Huntington Park For $48.7M

Property Image
SOLD
$48,700,000
David Horowitz
Richard Horowitz
Alvin Mansour

California

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Retail
Sold 08/31/2022
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Property Image
SOLD

Jason Maier Of Stan Johnson Co. Acquires Retail Property In Huntington Park For $48.7M

5731 Bickett Street, Huntington Park, California 90255, United States

See Similar Deals
Retail
Sold 08/31/2022
David Horowitz
Richard Horowitz
Alvin Mansour
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

The retail property located at 5731 Bickett St in Huntington Park has been successfully sold. The property spans over 4.1 acres and is situated in a desirable market.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $48,700,000
  • Date: 08/31/2022

The seller was represented by Alvin Mansour from The Mansour Group at Marcus & Millichap, while the buyer was represented by Jason Maier from Stan Johnson Co. Principal Life acted as the lender for this transaction.

The property was sold for a sale price of $48,700,000. It covers an area of 56,000 square feet, with a price per square foot of $870.

Players

Alvin Mansour
Marcus & Millichap
Alvin Mansour
7 deals$121M volume
BROKER
Richard Horowitz
Cooper Horowitz
Richard Horowitz
40 deals$2.7B volume
BROKER
David Horowitz
Cooper Horowitz
David Horowitz
17 deals$578.6M volume
BROKER
Stan Johnson Company
Stan Johnson Company
BROKERAGE
Principal Life Insurance Company
Principal Life Insurance Company
LENDER
PL
Principal Life
LENDER

Details

SOLD
IMAGE: Jason Maier DATE: 08/31/2022 ADDRESS: 5731 Bickett St MARKET: Huntington Park ASSET TYPE: Retail ~ ACRES: 4.1 SELLER'S REP: Alvin Mansour - The Mansour Group at Marcus & Millichap (@MarcusMillichapLosAngeles) BUYER'S REP: Jason Maier - Stan Johnson Co. LENDER: Principal Life SALE PRICE: $48,700,000 SF: 56,000 ~ PPSF: $870

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,597,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$173,020.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$230,862.85
Annual Debt Service$2,770,354.15