Camden Realty Acquires Retail Property In Pasadena For $11.85M
727 South Arroyo Parkway, Pasadena, CA 91105, USA
$11,854,000
$870/SF
Building Size
13,625 SF
Asset Type
Retail
Closing
Dec 6, 2018
AI
A retail property located at 727 S Arroyo Pkwy in Pasadena has been sold for $11,854,000. The property spans across 13,625 square feet, resulting in a price per square foot of $870.02. The sale took place on December 7, 2018. The buyer was Camden Realty, while the seller was Realty Bancorp Equities.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,854,000
- Square Footage: 13,625
- Price Per Square Foot: $870.02
- Date: 12/07/2018
- Address: 727 S Arroyo Pkwy, Pasadena
- Market: Pasadena
Kyle Gulock and Michael Asarch, representing their respective agencies, were the brokers involved in this transaction.
Players
Pasadena 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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93