Jason Johnson Acquires Retail Property At 825 Broadway In San Gabriel For $9M With Representation By Rick Raymundo & David Berookhim
825 Broadway
$9,000,000
$786/SF
Building Size
11,450 SF
Asset Type
Retail
Closing
Nov 8, 2024
AI
The property asset involved in this transaction is a retail space located at 825 Broadway in the San Gabriel market. The sale price for the asset was $9,000,000, covering an area of 11,450 square feet, which results in a price per square foot of $786.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Square Footage: 11,450
- Price per Square Foot: $786
- Buyer: Jason Johnson
- Seller: Brett Newman
- Brokers: Rick Raymundo & David Berookhim - Marcus & Millichap
- Date of Transaction: 11/08/2024
The key individuals involved in this transaction include buyer Jason Johnson and seller Brett Newman, with brokers Rick Raymundo and David Berookhim representing the transaction through Marcus & Millichap. The deal was finalized on November 8, 2024.
Players
San Gabriel 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93