Thien Hoang Acquires Retail Property In Pasadena From Tony Jasser Represented By John Baddour
509 Southmore Avenue
Building Size
3,600 SF
Asset Type
Retail
Closing
May 19, 2025
AI
The property asset involved in the transaction is a retail space located at 509 Southmore Avenue in Pasadena. The asset has a total square footage of 3,600. The transaction was successfully completed on May 20, 2025.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 509 Southmore Avenue
- Market: Pasadena
- Buyer: Thien Hoang
- Seller: Tony Jasser
- Seller's Representative: John Baddour - HighStreet Net Lease Group
This transaction involved significant individuals, with Thien Hoang as the buyer and Tony Jasser as the seller. John Baddour represented the seller in this retail transaction, ensuring effective communication and negotiation between the parties.
Players
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