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7277 Foothill Boulevard

Alfred Makhmudyan Acquires Retail Property In Tujunga For $1.975M
SOLDRetail

Alfred Makhmudyan Acquires Retail Property In Tujunga For $1.975M

7277 Foothill Boulevard

$1,975,000

Building Size

Asset Type

Retail

Closing

Jan 7, 2024

AI

Located at 7277 Foothill Boulevard in Tujunga, this retail property was recently sold for a total price of $1,975,000. The transaction took place on 01/07/2024 and involved a property with a total square footage of 3,450. With a price per square foot of $572, this property offers potential for a profitable investment.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,975,000
  • Square Footage: 3,450
  • Address: 7277 Foothill Boulevard
  • Market: Tujunga

The buyer of this property was Alfred Makhmudyan, while the seller was Mark Zakarian. Represented by Kyle Pari and Michael Pakravan from Matthews Real Estate Investment Services, the buyer had professional assistance throughout the transaction. The involvement of these experienced brokers indicates the importance and potential value of this retail property deal.

Players

Kyle Pari

Matthews

Broker

$29.5M

vol

10 deals

Broker

Tujunga 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

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93