Updated Mar 11, 2025
Frank Dabby Acquires Retail Property In Huntington Beach For $29.2M
9062 Adams Ave Huntington Beach, CA 92646, USA
$29,200,000
$448/SF
Building Size
65,116 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
The retail property located at 9062 Adams Avenue in Huntington Beach has been sold for $29,200,000. The property spans a total area of 65,116 square feet, resulting in a price per square foot of $448. The transaction took place on 06/01/2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $29,200,000
- Address: 9062 Adams Avenue
- Market: Huntington Beach
- Square Footage: 65,116
- Price per Square Foot: $448
The buyer of the property is Frank Dabby, while the sellers are Fortress and DJM Capital. The deal was facilitated by JLL, with Bryan Ley, Daniel Tyner, Gleb Lvovich, and Geoff Tranchina representing the parties involved in the transaction.
Players
Los Angeles 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
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93