Bell Gardens Retail Property Sold For $3.5M By Buyer Robert Azizi And Seller Behzad Oti
SOLD
$3,500,000
Kansas
See Similar DealsRetail6,465 SF
Sold 11/16/2022
SOLD
Bell Gardens Retail Property Sold For $3.5M By Buyer Robert Azizi And Seller Behzad Oti
8218 Garfield Avenue
See Similar DealsRetail6,465 SF
Sold 11/16/2022
Summary
KANSAS
Asset Type:Retail
Price Per Square Foot:$541
Total Square Footage:6,465 SF
Transaction Type:Sale
A retail property located at 8218 Garfield Avenue in Bell Gardens has been sold in a recent transaction. The property has a total area of 6,465 square feet and was sold for a price of $3,500,000, resulting in a price per square foot of $541.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 8218 Garfield Avenue
- Market: Bell Gardens
- Buyer: Robert Azizi
- Seller: Behzad Oti
- Broker: Michael Pakravan - Matthews Real Estate Investment Services
Matthews Real Estate Investment Services, represented by Michael Pakravan, facilitated the transaction as the broker for the buyer and seller. This deal showcases the expertise of Matthews Real Estate Investment Services in managing retail property transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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