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3912 Highland Ave, Manhatta...

Floyd Group Acquires Mixed-Use Property On Highland Ave In Manhattan Beach For $1.78M
SOLDMixed-use

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

Emily Shikhvarger

Marcus & Millichap

Broker

$21.7M

vol

10 deals

Broker

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