SOLDOffice
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
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.
Players
Gardena Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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