Spectrum Commercial Real Estate Sells Arleta Retail Property For $5.75M
SOLD
$5,750,000
National
See Similar DealsRetail17,160 SF
Sold 03/23/2023
SOLD
Spectrum Commercial Real Estate Sells Arleta Retail Property For $5.75M
8907-8917 Woodman Ave., Arleta, Ca 91331
See Similar DealsRetail17,160 SF
Sold 03/23/2023
Summary
Asset Type:Retail
Price Per Square Foot:$335
Total Square Footage:17,160 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20
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