Jonathan Krikorian, Clark Everitt, William Everitt Acquire Retail Property In Northridge For $9.7M
SOLD
$9,695,000
California
See Similar DealsRetail14,100 SF
Sold 10/29/2018
SOLD
Jonathan Krikorian, Clark Everitt, William Everitt Acquire Retail Property In Northridge For $9.7M
8800 Tampa Avenue, Northridge, CA 91324, USA
See Similar DealsRetail14,100 SF
Sold 10/29/2018
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$687
Total Square Footage:14,100 SF
Transaction Type:Sale
An approximately 14,280 square foot retail property located at 8800 Tampa Ave in Northridge, 91324 was recently sold for a total price of $9,695,000. The transaction took place on October 29, 2018, in the Northridge market. The property sits on 1.28 acres of land and is zoned as LAM2.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,695,000
- Address: 8800 Tampa Ave
- Date: 10/29/18
- Market: Northridge
- City: Northridge, 91324
- SF (Land): 1.28 acres
- SF (Building): ± 14,280 SF
- Zoning: LAM2
The buyer representative for this transaction was Jonathan Krikorian, Clark Everitt, and William Everitt.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$517,066.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,444.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,959.25
Annual Debt Service$551,510.95
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