Bell Gardens Retail Property Sold For $3.5M By Buyer Robert Azizi And Seller Behzad Oti
8218 Garfield Avenue
$3,500,000
$541/SF
Building Size
6,465 SF
Asset Type
Retail
Closing
Nov 16, 2022
AI
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.
Players
Kansas City 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93