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NAI Capital Commercial Acquires Retail Property In Chatsworth, CA For $4.6M

Property Image
SOLD
$4,600,000

California

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Retail2 SF
Sold 01/12/2022
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Property Image
SOLD

NAI Capital Commercial Acquires Retail Property In Chatsworth, CA For $4.6M

9108 De Soto Avenue, Chatsworth, California 91311, United States

See Similar Deals
Retail2 SF
Sold 01/12/2022
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,300,000
Total Square Footage:2 SF
Transaction Type:Sale

Located at 9108 De Soto Avenue in Chatsworth, CA, this retail property was recently sold in a transaction facilitated by NAI Capital Commercial and CBRE Group Inc. With a sale price of $4,600,000, the property spans across 2,500 square feet, resulting in a price per square foot of $1,840.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,600,000
  • Address: 9108 De Soto Avenue
  • Market: Chatsworth, CA

The buyer's representative in this deal was Mehran Foroughi from NAI Capital Commercial, while the seller's representatives were Alex Kozakov and Patrick Wade from CBRE Group Inc. The involvement of these key individuals and companies highlights their role in facilitating the transaction.

Players

Alex Kozakov
17 deals$349.3M volume(949) 285-3424
BROKER

Patrick Wade
CBRE
17 deals$349.3M volume
BROKER

Details

SOLD
IMAGE: Mehran Foroughi, Alex Kozakov & Patrick Wade DATE: 12/01/2022 ADDRESS: 9108 De Soto Avenue MARKET: Chatsworth, CA ASSET TYPE: Retail SELLER: Desoto Holding BUYER'S REP: Mehran Foroughi - NAI Capital Commercial (@NAICapital) SELLER'S REP: Alex Kozakov & Patrick Wade - CBRE Group Inc (@CBRE) SALE PRICE: $4,600,000 SF: 2,500 ~ PPSF: $1,840

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
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