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597 East Walnut Street

Arnel Jalbuena Acquires $1.35M Retail Property In Pasadena
SOLDRetail

Arnel Jalbuena Acquires $1.35M Retail Property In Pasadena

597 East Walnut Street

$1,350,000

$440/SF

Building Size

3,063 SF

Asset Type

Retail

Closing

Jan 9, 2023

AI

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

Broker

$145.3M

vol

41 deals

Broker

Pasadena 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93