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103 11 Northern Boulevard

Shahriar Novel Acquires Mixed-Use Property At 103-11 Northern Boulevard For $1 Million With Edwin Yoo As Seller
SOLDMixed-use

Shahriar Novel Acquires Mixed-Use Property At 103-11 Northern Boulevard For $1 Million With Edwin Yoo As Seller

103 11 Northern Boulevard

$1,000,000

$329/SF

Building Size

3,036 SF

Asset Type

Mixed-use

Closing

Jan 27, 2025

AI

The asset involved in the transaction is a mixed-use property located at 103-11 Northern Boulevard in the Corona market. The sale price for the property was $1,000,000, and it has a total square footage of 3,036, which results in a price per square foot of $329.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,000,000
  • Address: 103-11 Northern Boulevard
  • Market: Corona
  • Square Footage: 3,036
  • Price per Square Foot: $329
  • Buyer: Shahriar (Sam) Novel
  • Seller: Edwin Yoo
  • Broker: Samia Farah - KSR

The deal featured Shahriar (Sam) Novel as the buyer and Edwin Yoo as the seller, with brokerage representation provided by Samia Farah from KSR. The involved parties facilitated the transaction, ensuring all contractual obligations were met during the sale process.

Players

Samia Farah

Kassin Sabbagh Realty

Broker

$14.2M

vol

5 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

Corona Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93