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Arnel Jalbuena Acquires $1.35M Retail Property In Pasadena

Property Image
SOLD
$1,350,000
Elizabeth Clark
Jay Martinez
Dane Garson

California

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Retail3,063 SF
Sold 01/09/2023
the dealplayerscompscontact
Property Image
SOLD

Arnel Jalbuena Acquires $1.35M Retail Property In Pasadena

597 East Walnut Street

See Similar Deals
Retail3,063 SF
Sold 01/09/2023
Elizabeth Clark
Jay Martinez
Dane Garson
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$440
Total Square Footage:3,063 SF
Transaction Type:Sale

Located at 597 East Walnut Street in Pasadena, this retail property has been sold in a recent transaction. The property spans 3,063 square feet and was sold for $1,350,000, resulting in a price per square foot of $441.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,350,000
  • Address: 597 East Walnut Street
  • Market: Pasadena

The buyer of the property is Arnel Jalbuena, while the seller is Gary Paulsen. Dane Garson and Jay Martinez from Kidder Mathews, along with Elizabeth Clark from Douglas Elliman, represented the seller in this deal.

Players

Jay Martinez
Kidder Mathews
Jay Martinez
41 deals$145.3M volume(310) 658-3375
BROKER
Elizabeth Clark
Kidder Mathews
Elizabeth Clark
58 deals$181.6M volume(310) 740-7283
BROKER
Dane Garson
Kidder Mathews
Dane Garson
6 deals$16.9M volume(949) 922-2861
BROKER

Details

SOLD
IMAGE: Dane Garson, Elizabeth Clark & Jay Martinez DATE: 01/09/2023 ADDRESS: 597 East Walnut Street MARKET: Pasadena ASSET TYPE: Retail BUYER: Arnel Jalbuena SELLER: Gary Paulsen SELLER'S REP: Dane Garson (@DaneGarsCRE) & Jay Martinez (@JayMartinezKidder) - Kidder Mathews (@Kidder.Mathews); Elizabeth Clark (@ElizabethClark_CRE) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanCalifornia) SALE PRICE: $1,350,000 SF: 3,063 ~ PPSF: $441

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

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26