Emery Albert Laiw Purchases Retail Building In Pasadena From Liongate Holdings I LP
4030 Spencer Highway
Building Size
3,081 SF
Asset Type
Retail
Closing
Nov 18, 2024
About this deal
AI
The property asset involved in the transaction is a retail building located at 4030 Spencer Highway in Pasadena. The building encompasses 3,081 square feet and is situated on a 0.95-acre lot. The property is currently leased to Black Rock Coffee Bar.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 4030 Spencer Highway
- Market: Pasadena
- Square Footage: 3,081
- Acres: 0.95
- Buyer: Emery Albert Laiw
- Seller: Liongate Holdings I LP
- Brokers: Austen Baldridge & Bob Conwell - NewQuest Properties
- Additional Broker: Craig Elster - Marcus & Millichap
The transaction was facilitated by key individuals in the brokerage sectors, with representation from Austen Baldridge and Bob Conwell of NewQuest Properties representing the seller, Liongate Holdings I LP. Craig Elster of Marcus & Millichap was also involved in the transaction, underscoring the collaborative efforts of these professionals in this real estate deal.
On the Map
Retail
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Pasadena 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93