Updated Oct 28, 2024
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
About this deal
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.
The retail sale at 9150 Painter Avenue, Whittier, California 90605, United States in Whittier, California sold for $5.8M in 2022. The building is 20,939 square feet, implying about 277 per square foot on the published price. Drew Wetherholt, Greg Bedell, Progressive Real Estate Partners, Marcus & Millichap appear on the sale alongside Progressive Real Estate Partners, Marcus & Millichap. This page is the Whittier, California file for the 9150 Painter Avenue, Whittier, California 90605, United States retail sold: pricing, party profiles, and other closed retail comps from the same Whittier sit in the Market section below. Filter that Whittier retail set by closing date to see what else sold near 9150 Painter Avenue, Whittier, California 90605, United States around 2022. Published consideration for 9150 Painter Avenue, Whittier, California 90605, United States is $5.8M, dated 2022. Cite this Desert Capital Ventures Acquires Retail Property In Whittier For $5.8M sale when underwriting similar retail product around Whittier, California.
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