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9062 Adams Ave Huntington B...

Frank Dabby Acquires Retail Property In Huntington Beach For $29.2M
SOLDRetail

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

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

Bryan Ley

NorthMarq

Broker

$732.6M

vol

21 deals

Broker
Fortress Investment Group
Fortress Investment GroupSeller
Fortress Investment Group
Fortress Investment GroupLender

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