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8759 Sepulveda Boulevard

Shil And Minah Park Acquire Retail Property From Jeh Meher In North Hills For $3.71M
SOLDRetail

Shil And Minah Park Acquire Retail Property From Jeh Meher In North Hills For $3.71M

8759 Sepulveda Boulevard

$3,710,000

$406/SF

Building Size

9,123 SF

Asset Type

Retail

Closing

Mar 24, 2025

AI

The property asset involved in this transaction is located at 8759 Sepulveda Boulevard in the North Hills market. It is a retail asset that sold for $3,710,000.00 and has a total square footage of 9,123.0.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,710,000.00
  • Buyer: Shil and Minah Park
  • Seller: Jeh Meher
  • Address: 8759 Sepulveda Boulevard
  • Market: North Hills
  • Square Footage: 9,123.0

Shil and Minah Park are the buyers involved in this transaction, while Jeh Meher is the seller. Both parties completed the transaction on March 24, 2025.

Players

Martin Agnew

Marcus & Millichap

Broker

$453.4M

vol

125 deals

Broker

North Hills 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

4.28%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93