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6607 Atlantic Avenue

Robhana Group Acquires Retail Property On Atlantic Avenue In Bell From Sukumarn Aueyong For $4.2M
SOLDRetail

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

Steven Weiss

NAI Global

Broker

$61.7M

vol

7 deals

Broker
RG
Robhana GroupBuyer

Market 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93