SOLDDevelopment Site
Babak Tabarsi Sells Long Beach Development Site For $1.7M
6432 Long Beach Boulevard, Long Beach, CA, USA
$1,700,000
$68/SF
Building Size
25,000 SF
Asset Type
Development Site
Closing
Aug 31, 2020
AI
A development site located at 6432 Long Beach in Long Beach has been sold for $1,700,000. The property spans 25,000 square feet, resulting in a price per buildable square foot of $68.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,700,000
The seller of the property was Babak Tabarsi. The brokers involved in the deal were Rafi Jacobi and Kyle Pari.
Players
Long Beach 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93