Robhana Group Acquires Retail Property On Atlantic Avenue In Bell From Sukumarn Aueyong For $4.2M
6607 Atlantic Avenue
$4,200,000
$200/SF
Building Size
20,909 SF
Asset Type
Retail
Closing
Feb 28, 2023
AI
The property involved in this transaction is a retail asset located at 6607 Atlantic Avenue in Bell. The property has a total square footage of 20,909 and was sold for a price of $4,200,000, resulting in a price per square foot of $201. The transaction took place on 02/28/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 6607 Atlantic Avenue
- Market: Bell
- Square Footage: 20,909
The buyer in this transaction is Robhana Group, represented by Mr. Robin Hanasab. The seller is Sukumarn Aueyong. The brokers involved in the deal are Steven Weiss and Sam Kangavari from NAI Capital. It should be noted that the buyer purchased the site with the intention of doing a Build to Suit for a big box national tenant.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93