Updated Dec 18, 2023
Robert McConnell Acquires Mixed-Use Property In Manhattan Beach For $5.7M
124 11th Street, Manhattan Beach, California 90266, United States
$5,725,000
$1,443/SF
Building Size
3,966 SF
Asset Type
Mixed-use
Closing
May 31, 2022
About this deal
AI
The mixed-use property located at 124 11th St. in Manhattan Beach has been sold for a transaction amount of $5,725,000. The property spans 3,966 square feet, resulting in a price per square foot of $1,443. The sale took place on 06/01/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,725,000
- Address: 124 11th St.
- Market: Manhattan Beach
- Square Footage: 3,966
- Price per Square Foot: $1,443
The buyer of the property is Robert McConnell, while the sellers are Harry Lorick and Joyce Lorick. Keith Kelley from Palm Realty Boutique represented the buyer in the transaction. On the other hand, Sasha Rahban from SaraVita Properties Inc. acted as the seller's representative.
On the Map
$5,725,000
$1,443/SF
Mixed-use
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Players
Manhattan Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93