Cesar Chavez Foundation Purchases Development Site From Mena Christie For $3.9M In South Gate
3800 Firestone Boulevard
$3,900,000
$98/SF
Building Size
39,455 SF
Asset Type
Development Site
Closing
Oct 16, 2024
AI
The property asset involved in this transaction is a development site located at 3800 Firestone Boulevard in South Gate. The sale price of the asset was $3,900,000, with a total square footage of 39,455, resulting in a price per square foot of $98.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,900,000
- Address: 3800 Firestone Boulevard
- Market: South Gate
- Square Footage: 39,455
- Price per Square Foot: $98
- Buyer: Cesar Chavez Foundation
- Seller: Mena Christie
- Seller's Rep: Floyd Shaheen - Marcus & Millichap
- Date of Sale: 10/16/2024
The key individuals involved in the transaction include the buyer, Cesar Chavez Foundation, and the seller, Mena Christie. Floyd Shaheen from Marcus & Millichap represented the seller in the transaction.
Players
South Gate Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93