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8800 Tampa Avenue

Soheil Satbani Acquires Retail Property In Northridge For $10.1M With Buyer's Rep Justin Kohanoff & Seller's Reps Jonathan Krikorian, Clark Everitt & William Everitt
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Soheil Satbani Acquires Retail Property In Northridge For $10.1M With Buyer's Rep Justin Kohanoff & Seller's Reps Jonathan Krikorian, Clark Everitt & William Everitt

8800 Tampa Avenue

$10,130,126

$181/SF

Building Size

55,756 SF

Asset Type

Retail

Closing

Jan 26, 2023

AI

An asset type retail property located at 8800 Tampa Avenue in Northridge has been sold. The property spans 14,280 square feet and was sold for a price of $10,130,126, resulting in a price per square foot of $709.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,130,126
  • Square Footage: 14,280
  • Address: 8800 Tampa Avenue, Northridge

The buyer of the property is Soheil Satbani, while the seller is Hillary Greene-Pae. Justin Kohanoff from Westgate Property Group represented the buyer, and Jonathan Krikorian, Clark Everitt, and William Everitt from IREA represented the seller in this transaction.

Players

Clark Everitt

IREA

Broker

$72.9M

vol

9 deals

Broker

Soheil Satbani

Buyer

$16.1M

vol

2 deals

Buyer

Northridge 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

1.57%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93