Heidi Winkler Purchases Mixed-Use Asset In Long Beach For $1.2M With Lary Carlton Representing Buyer
SOLD
$1,200,000
California
See Similar DealsMixed-use12,142 SF
Sold 01/29/2025
SOLD
Heidi Winkler Purchases Mixed-Use Asset In Long Beach For $1.2M With Lary Carlton Representing Buyer
5678 Cherry Avenue & 5708 Cherry Avenue
See Similar DealsMixed-use12,142 SF
Sold 01/29/2025
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$98
Total Square Footage:12,142 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
Is there something missing? Send suggestions