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
About this deal
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.
On the Map
$1,000,000
$329/SF
Mixed-use
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Players
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