Floyd Group Acquires Mixed-Use Property On Highland Ave In Manhattan Beach For $1.78M
3912 Highland Ave, Manhattan Beach, CA 90266, USA
$1,780,000
$1,583/SF
Building Size
1,124 SF
Asset Type
Mixed-use
Closing
Sep 13, 2020
AI
A mixed-use property located at 3912 Highland Ave in Manhattan Beach has been sold. The property, measuring 1,124 square feet, was sold for $1,780,000, resulting in a price per square foot of $1,583. Situated blocks away from the beach, the property garnered significant interest, receiving multiple offers and ultimately selling for $255,000 above the list price. Floyd Shaheen and Emily Shikhvarger of Floyd Group CRE represented the deal.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,780,000
- Square Footage: 1,124
- Price Per Square Foot: $1,583
- Address: 3912 Highland Ave
- Market: Manhattan Beach
The successful transaction of the mixed-use property at 3912 Highland Ave was facilitated by the expertise of Floyd Shaheen and Emily Shikhvarger from Floyd Group CRE. Their representation ensured the property received multiple offers and achieved a sale price of $255,000 above the initial list price. For further inquiries, please contact Floyd Shaheen at (818) 212- [...].
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
8.91%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93