facebook
Traded Co logo
Submit

Gary Kasabyan & David Tovmasyan Acquire Retail Property On Foothill Blvd In Tujunga For $2.2M

Property Image
SOLD
$2,200,000
Blas Fernandez
GK
DT

California

See Similar Deals
Retail4,864 SF
Sold 12/01/2021
the dealplayerscompscontact
Property Image
SOLD

Gary Kasabyan & David Tovmasyan Acquire Retail Property On Foothill Blvd In Tujunga For $2.2M

7157 Foothill Boulevard, Tujunga, CA 91042, USA

See Similar Deals
Retail4,864 SF
Sold 12/01/2021
Blas Fernandez
GK
DT
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$452
Total Square Footage:4,864 SF
Transaction Type:Sale

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.

Players

Blas Fernandez
IKON Properties
Blas Fernandez
33 deals$88.5M volume(818) 319-9191
BROKER
Keller Williams Realty
Keller Williams Realty
BROKERAGE
GK
Gary Kasabyan
3 deals$9.4M volume
BUYER
DT
David Tovmasyan
2 deals$6.4M volume
BUYER

Details

SOLD
IMAGE: Blas Fernandez DATE: 12/01/2021 ADDRESS: 7157, 7161 & 7165 Foothill Blvd. MARKET: Tujunga ASSET TYPE: Retail BUYER: Gary Kasabyan & David Tovmasyan SELLER: Dave Morelli BROKER: Blas Fernandez (@AgentBlas) - Blas Property Group (@BlasPropertyGroup) SALE PRICE: $2,200,000 SF: 4,864 ~ PPSF: $452

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47