facebook
Traded Co logo
Submit

Cesar Chavez Foundation Purchases Development Site From Mena Christie For $3.9M In South Gate

Property Image
SOLD
$3,900,000

California

See Similar Deals
Development Site39,455 SF
Sold 10/16/2024
the dealplayerscompscontact
Property Image
SOLD

Cesar Chavez Foundation Purchases Development Site From Mena Christie For $3.9M In South Gate

3800 Firestone Boulevard

See Similar Deals
Development Site39,455 SF
Sold 10/16/2024
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$98
Total Square Footage:39,455 SF
Transaction Type:Sale

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

Floyd Shaheen
Marcus & Millichap
Floyd Shaheen
29 deals$82M volume
BROKER

Details

SOLD
IMAGE: Floyd Shaheen DATE: 10/16/2024 ADDRESS: 3800 Firestone Boulevard MARKET: South Gate ASSET TYPE: Development Site BUYER: Cesar Chavez Foundation SELLER: Mena Christie SELLER'S REP: Floyd Shaheen (@FloydGroupCre) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,900,000 SF: 39,455 ~ PPSF: $98

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88