Updated Oct 28, 2024
Jason Maier Of Stan Johnson Co. Acquires Retail Property In Huntington Park For $48.7M
5731 Bickett Street, Huntington Park, California 90255, United States
$48,700,000
Building Size
—
Asset Type
Retail
Closing
Aug 30, 2022
About this deal
AI
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.
On the Map
$48,700,000
Retail
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Vernon 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93