Desert Capital Ventures Acquires Retail Property In Whittier For $5.8M
9150 Painter Avenue, Whittier, California 90605, United States
$5,800,000
$277/SF
Building Size
20,939 SF
Asset Type
Retail
Closing
Aug 24, 2022
AI
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.
Players
Whittier 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93