Updated Sep 9, 2024
Sirvard Chimayan Acquires Retail Property In Tujunga For $1.6M
6855 Foothill Blvd, Tujunga, CA, USA
$1,600,000
$352/SF
Building Size
4,542 SF
Asset Type
Retail
Closing
Mar 7, 2021
About this deal
AI
The retail property located at 6855 Foothill Blvd. in Tujunga has been sold. The transaction took place on 03/08/2021. The property, with a total square footage of 4,542, was sold for $1,600,000, at a price per square foot of $352. The seller, Arbi Keshiahian, and the buyer, Sirvard Chimayan, finalized the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 6855 Foothill Blvd.
- Market: Tujunga
The buyer was represented by Blas Fernandez, who is associated with the Blas Property Group. On the other hand, the seller was represented by Michael Melik Bakchian.
Players
Los Angeles 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93