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
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