Updated Sep 9, 2024
Gary Kasabyan & David Tovmasyan Acquire Retail Property On Foothill Blvd In Tujunga For $2.2M
7157 Foothill Boulevard, Tujunga, CA 91042, USA
$2,200,000
$452/SF
Building Size
4,864 SF
Asset Type
Retail
Closing
Dec 1, 2021
About this deal
AI
Located in Tujunga, the retail property at 7157, 7161 & 7165 Foothill Blvd. has been sold in a recent transaction. The property spans a total of 4,864 square feet and was sold for a price of $2,200,000, resulting in a price per square foot of $452. The transaction took place on December 1, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 7157, 7161 & 7165 Foothill Blvd.
- Market: Tujunga
The buyer of the property is Gary Kasabyan & David Tovmasyan, while the seller is Dave Morelli. The deal was facilitated by Blas Fernandez from Blas Property Group, who represented both parties.
On the Map
$2,200,000
$452/SF
Retail
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93