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1712 Pacific Coast Hwy, Lom...

Unknown Buyer Acquires Property At 1712 Pacific Coast Hwy Lomita For $2.4 Million
SOLD

Unknown Buyer Acquires Property At 1712 Pacific Coast Hwy Lomita For $2.4 Million

1712 Pacific Coast Hwy, Lomita, CA, 9...

$2,400,000

Building Size

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 1712 Pacific Coast Hwy, Lomita, CA. It was sold for a total price of $2,400,000.00, and the square footage is recorded as 0. The market for this property is identified as Lomita.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $2,400,000.00
  • Address: 1712 Pacific Coast Hwy, Lomita, CA
  • Market: Lomita
  • Seller's Representative: Matthew "Matt" Schwartz, Newmark
  • Buyer: Unknown
  • Seller: Not disclosed

Matthew "Matt" Schwartz from Newmark represented the seller in this transaction, facilitating the sale process. The identity of the buyer remains undisclosed, and the seller's information is also not provided.

Players

Matthew Schwartz

Newmark

Broker

$214.6M

vol

8 deals

Broker

Lomita CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93