Spectrum Commercial Real Estate Sells Arleta Retail Property For $5.75M
8907-8917 Woodman Ave., Arleta, Ca 91331
$5,750,000
$335/SF
Building Size
17,160 SF
Asset Type
Retail
Closing
Mar 23, 2023
About this deal
AI
The retail property located at 8907-8917 Woodman Ave. in Arleta has been sold for $5,750,000. The property spans 17,160 square feet, resulting in a price per square foot of $335.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,750,000
- Square Footage: 17,160
- Price per Square Foot: $335
- Address: 8907-8917 Woodman Ave.
- Market: Arleta
The sale of this retail asset was facilitated by Yair Haimoff, Zachary Rabinowitz, and Barry Jakov, who represented the parties involved in the transaction on behalf of Spectrum Commercial Real Estate.
Players
Market 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93