Updated Dec 21, 2023
Dr. Christopher Marrocco & Dr. Shahin Pourrabbani Acquire Gardena Office Building For $3.2M
1251 West Redondo Beach Boulevard, Gardena, CA, USA
$3,235,000
$201/SF
Building Size
16,092 SF
Asset Type
Office
Closing
Oct 18, 2021
About this deal
AI
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.
The office sale at 1251 West Redondo Beach Boulevard, Gardena, CA, USA in Gardena, California sold for $3.2M in 2021. The building is 16,092 square feet, implying about 201 per square foot on the published price. Jackie Lubrano, Greg Johnson, Jake Zacuto, Daum Commercial Real Estate Services appear on the sale alongside Daum Commercial Real Estate Services, Zacuto Group. This page is the Gardena, California file for the 1251 West Redondo Beach Boulevard, Gardena, CA, USA office sold: pricing, party profiles, and other closed office comps from the same Gardena sit in the Market section below. Filter that Gardena office set by closing date to see what else sold near 1251 West Redondo Beach Boulevard, Gardena, CA, USA around 2021. Published consideration for 1251 West Redondo Beach Boulevard, Gardena, CA, USA is $3.2M, dated 2021. Cite this Dr. Christopher Marrocco & Dr. Shahin Pourrabbani Acquire Gardena Office Building For $3.2M sale when underwriting similar office product around Gardena, California.
Players
Gardena Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93