Updated Dec 20, 2023
Cabot Properties Acquires Commercial Property In Cerritos, Los Angeles For $15M
17211 Valley View Avenue, Cerritos, CA 90703, USA
$15,000,000
$150/SF
Building Size
100,000 SF
Asset Type
Commercial
Closing
Feb 20, 2018
About this deal
AI
A commercial property located at 17211 Valley View Ave in Los Angeles, Cerritos, was recently sold for $15,000,000. The property spans 100,000 square feet and was sold at a price of $150 per square foot.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $15,000,000
- Square Footage: 100,000 sf
- Price Per Square Foot: $150
- Date: 02/21/2018
The seller of the property was Eugene & Carol Choi, while the buyer was Cabot Properties represented by Franz Colloredo-Mansfeld and Howard B. Hodgson Jr.
Players
Cerritos Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93