Desert Capital Ventures Acquires Retail Property In Whittier For $5.8M
SOLD
$5,800,000
California
See Similar DealsRetail20,939 SF
Sold 08/25/2022
SOLD
Desert Capital Ventures Acquires Retail Property In Whittier For $5.8M
9150 Painter Avenue, Whittier, California 90605, United States
See Similar DealsRetail20,939 SF
Sold 08/25/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$277
Total Square Footage:20,939 SF
Transaction Type:Sale
Drew Wetherholt of Marcus & Millichap captured the image of the retail property located at 9150 Painter Ave. This property, situated in the Whittier market, was recently sold.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,800,000
- Square Footage: 20,939
- Price per Square Foot: $277
- Address: 9150 Painter Ave.
- Market: Whittier
The buyer, Desert Capital Ventures, acquired the property through the representation of Greg Bedell from Progressive Real Estate Partners and Drew Wetherholt from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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