Industrial Property In Long Beach Sold For $1.8M On Pacific Coast Highway
646 West Pacific Coast Highway, Long Beach, CA, USA
$1,825,000
$143/SF
Building Size
12,720 SF
Asset Type
Industrial
Closing
Jun 28, 2020
AI
An industrial property located at 646 W. Pacific Coast Highway in Long Beach has been sold for $1,825,000. The property spans 12,720 square feet, resulting in a price per square foot of $143.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,825,000
- Address: 646 W. Pacific Coast Highway
- Market: Long Beach
The sale was facilitated by Evan Weiss of Weiss CRE, along with Elizabeth Clark and Tai Kagehiro of Compass Commercial. They acted as the brokers representing the parties involved in the deal.
For a virtual tour of the property, interested parties can visit the following link: Virtual Tour.
Players
Long Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93