Robhana Group Acquires Retail Property On Atlantic Avenue In Bell From Sukumarn Aueyong For $4.2M
SOLD
$4,200,000
California
See Similar DealsRetail20,909 SF
Sold 02/28/2023
SOLD
Robhana Group Acquires Retail Property On Atlantic Avenue In Bell From Sukumarn Aueyong For $4.2M
6607 Atlantic Avenue
See Similar DealsRetail20,909 SF
Sold 02/28/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:20,909 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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