Updated Sep 5, 2024
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
About this deal
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.
On the Map
$10,130,126
$181/SF
Retail
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Players
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