Jen Chih Acquires Retail Property From Daniel Rodriguez In Whittier For $1.995M
SOLD
$1,995,000
California
See Similar DealsRetail5,684 SF
Sold
SOLD
Jen Chih Acquires Retail Property From Daniel Rodriguez In Whittier For $1.995M
8317 Painter Avenue
See Similar DealsRetail5,684 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$351
Total Square Footage:5684 SF
Transaction Type:Sale
The retail property located at 8317 Painter Avenue in Whittier was recently sold in a transaction involving Buyer Jen Chih and Seller Daniel Rodriguez. The property spans 5,684 square feet and was sold for $1,995,000, equating to a price per square foot of $351.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,995,000
- Address: 8317 Painter Avenue
- Market: Whittier
- Seller: Daniel Rodriguez
- Seller's Rep: Martin Agnew, Ryan Rothstein-Serling, Joshua Yaris - Agnew | Serling Group - Marcus & Millichap
The Seller's representatives Martin Agnew, Ryan Rothstein-Serling, and Joshua Yaris from Agnew | Serling Group, which operates under Marcus & Millichap, facilitated the sale of the retail property, orchestrating the deal between Seller Daniel Rodriguez and Buyer Jen Chih.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,087.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,457.32
Annual Debt Service$113,487.81
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