Updated Oct 29, 2024
Stockbridge Purchases 155275 SF Property From Watt Cos With Broker Jimmy Slusher In Huntington Beach
7490 Edinger Ave, Huntington Beach, CA 92647, USA
Building Size
155,275 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 7490 Edinger Ave, Huntington Beach, within the Huntington Beach market. The total square footage of the property is 155,275. The seller is Watt Cos and the buyer is Stockbridge.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: Not specified
- Address: 7490 Edinger Ave, Huntington Beach
- Market: Huntington Beach
- Seller's Representative: Jimmy Slusher-CBRE
- Brokers: Megan Woodring-CBRE
- Buyer: Stockbridge
- Seller: Watt Cos
- Square Footage: 155,275
This transaction involves key individuals and companies including Jimmy Slusher from CBRE representing the seller, Watt Cos, and Megan Woodring, also from CBRE, serving as the broker. Stockbridge is the buyer involved in this transaction.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93