Heidi Winkler Purchases Mixed-Use Asset In Long Beach For $1.2M With Lary Carlton Representing Buyer
5678 Cherry Avenue & 5708 Cherry Avenue
$1,200,000
$98/SF
Building Size
12,142 SF
Asset Type
Mixed-use
Closing
Jan 29, 2025
AI
This mixed-use property, located at 5678 & 5708 Cherry Avenue in Long Beach, has been sold for $1,200,000. The asset encompasses a total square footage of 6,071, resulting in a price per square foot of $197.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Sale Date: 01/29/2025
- Buyer: Heidi Winkler
- Seller: Steven Marks
- Buyer's Representative: Lary Carlton - Colliers
- Seller's Representatives: Ryan Sharpe & Rod Roberts - Kidder Mathews
The transaction has involved the collaboration of brokers from both sides. Lary Carlton represented the buyer, while Ryan Sharpe and Rod Roberts acted as representatives for the seller in this closed transaction.
Players
Long Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93