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727 South Arroyo Parkway, P...

Camden Realty Acquires Retail Property In Pasadena For $11.85M
SOLDRetail

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

Kyle Gulock

Broker

$25.9M

vol

4 deals

Broker
Realty Bancorp Equities
Realty Bancorp EquitiesSeller

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