Telos Capital & Warner Pacific Properties Sell Retail Property In San Gabriel Valley For $30.5M
SOLD
$30,500,000
+ 2
California
See Similar DealsRetail108,464 SF
Sold 08/22/2019
SOLD
Telos Capital & Warner Pacific Properties Sell Retail Property In San Gabriel Valley For $30.5M
737 East Huntington Drive, Monrovia, CA, USA
See Similar DealsRetail108,464 SF
Sold 08/22/2019
+ 2
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$281
Total Square Footage:108,464 SF
Transaction Type:Sale
The retail property located at 737 E. Huntington Drive in San Gabriel Valley was recently sold for a staggering price of $30,500,000. The property was sold in a closed transaction on 08/22/2019. The asset, situated in a prime location in San Gabriel Valley, offers great potential for retail business ventures.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $30,500,000
The sale was facilitated by the collaboration of multiple parties. The sellers, Telos Capital and Warner Pacific Properties, entrusted CBER's brokers Jimmy Slusher, Patrick Wade, Alex Kozakov, Sean Heitzler, and Philip Voorhees with the task of finding a suitable buyer. Additionally, Sheila Alimadadian from Marcus & Millichap played a crucial role in representing the sellers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,626,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,360.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$144,585.56
Annual Debt Service$1,735,026.72
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