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7490 Edinger Ave, Huntingto...

Stockbridge Purchases 155275 SF Property From Watt Cos With Broker Jimmy Slusher In Huntington Beach
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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

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.

Players

Jimmy Slusher

CBRE

Broker

$474.4M

vol

16 deals

Broker
Stockbridge
StockbridgeBuyer

Huntington Beach 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93