Updated Oct 9, 2026
Amer Sabbah Acquires Retail Property In Lake Arrowhead From Andy Hermez For $1.8M
S State Highway 173
$1,800,000
$1,513/SF
Building Size
1,189 SF
Asset Type
Retail
Closing
Aug 24, 2026
About this deal
AI
The retail asset located at 231 S State Highway 173 in Lake Arrowhead was sold for $1,800,000. The property encompasses a total area of 1,189 square feet, resulting in a price per square foot of $1,513.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000
- Address: 231 S State Highway 173
- Market: Lake Arrowhead
- Square Footage: 1,189
- Price per Square Foot: $1,513
- Buyer: Amer Sabbah
- Seller: Andy Hermez
- Broker Representatives: Omar Insignares & Timothy Haves - Petroleum Realty Group
- Title Company: Liz Bergold - Commonwealth Title
Omar Insignares and Timothy Haves of Petroleum Realty Group acted as the brokers in this transaction, representing the seller, Andy Hermez. This deal contributes to Petroleum Realty Group's portfolio, which focuses on gas stations and car washes throughout California.
On the Map
$1,800,000
$1,513/SF
Retail
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Players
Lake Arrowhead 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93