Artin Aghakiant Acquires Tujunga Retail Property For $2.65M
SOLD
$2,650,000
California
See Similar DealsRetail7,500 SF
Sold 02/28/2022
SOLD
Artin Aghakiant Acquires Tujunga Retail Property For $2.65M
7106 Foothill Boulevard, Sunland-Tujunga, California 91042, United States
See Similar DealsRetail7,500 SF
Sold 02/28/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$353
Total Square Footage:7,500 SF
Transaction Type:Sale
An retail property located at 7106-7112 Foothill Blvd in Tujunga, CA has been sold for a price of $2,650,000. The property spans 7,500 square feet and was sold at a price per square foot of $353.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,650,000
- Date: 02/28/2022
- Address: 7106-7112 Foothill Blvd, Tujunga, CA
- Market: Tujunga, CA
The buyer of this retail property was Artin Aghakiant, and the seller was Ararat Tahmazyan. The transaction was facilitated by Eduard Khachatryan of Global Equity Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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