Dr. Christopher Marrocco & Dr. Shahin Pourrabbani Acquire Gardena Office Building For $3.2M
SOLD
$3,235,000
California
See Similar DealsOffice16,092 SF
Sold 10/18/2021
SOLD
Dr. Christopher Marrocco & Dr. Shahin Pourrabbani Acquire Gardena Office Building For $3.2M
1251 West Redondo Beach Boulevard, Gardena, CA, USA
See Similar DealsOffice16,092 SF
Sold 10/18/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$201
Total Square Footage:16,092 SF
Transaction Type:Sale
The office property located at 1251 W. Redondo in Gardena has been sold in a recent transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,235,000
- Square Footage: 16,092
- Price Per Square Foot: $201
- Market: Gardena
- Buyer: Dr. Christopher Marrocco & Dr. Shahin Pourrabbani
- Seller: Dee Miranda
The sale of the property was facilitated by brokers Jackie Lubrano from Zacuto Group, Jake Zacuto from Zacuto Group, and Greg Johnson from Daum Commercial Real Estate.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$172,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,493.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,335.55
Annual Debt Service$184,026.61
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