Jeffrey Bark Acquires Mixed-Use Property In Manhattan Beach For $3.15M
SOLD
$3,150,000
California
See Similar DealsMixed-use1,318 SF
Sold 06/24/2022
SOLD
Jeffrey Bark Acquires Mixed-Use Property In Manhattan Beach For $3.15M
229 13th Street
See Similar DealsMixed-use1,318 SF
Sold 06/24/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$2,390
Total Square Footage:1,318 SF
Transaction Type:Sale
A mixed-use property located at 229 13th St. in Manhattan Beach has been sold in a recent transaction. The property spans 1,318 square feet and was sold for a price of $3,150,000, resulting in a price per square foot of $2,389.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Square Footage: 1,318
- Price per Square Foot: $2,389
- Market: Manhattan Beach
The buyer of the property is Jeffrey Bark, while the seller is Mahmoud Saad. The transaction was facilitated by Ryan Sharpe of Urban Socal Group, who represented both parties in the deal. Urban Socal Group is affiliated with Kidder Mathews.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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