Rosenthal Family Sells Retail Property At 1020 & 1022 San Fernando Road For $2.625M
1022 San Fernando Road
$2,625,000
$335/SF
Building Size
7,830 SF
Asset Type
Retail
Closing
Sep 19, 2024
AI
The property involved in this transaction is a retail asset located at 1020 & 1022 San Fernando Road in the San Fernando market. It was sold for a total of $2,625,000, encompassing a total square footage of 7,830. The price per square foot amounted to $335.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,625,000
- Address: 1020 & 1022 San Fernando Road
- Market: San Fernando
- Square Footage: 7,830
- Price per Square Foot: $335
- Seller: Rosenthal Family
- Brokers: Justin Seigel & Dieter Tack - ADR Preferred Business Properties
In this transaction, brokers Justin Seigel and Dieter Tack represented the seller, the Rosenthal Family, demonstrating their role in facilitating the deal within the retail property market.
Players
San Fernando 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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93