Artin Aghakiant Acquires Tujunga Retail Property For $2.65M
7106 Foothill Boulevard, Sunland-Tujunga, California 91042, United States
$2,650,000
$353/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Feb 27, 2022
AI
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.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93