Alfred Makhmudyan Acquires Retail Property In Tujunga For $1.975M
SOLD
$1,975,000
California
See Similar DealsRetail
Sold 01/07/2024
SOLD
Alfred Makhmudyan Acquires Retail Property In Tujunga For $1.975M
7277 Foothill Boulevard
See Similar DealsRetail
Sold 01/07/2024
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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