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T.C. Macker And Albert Pacleb Acquire Office Building In Hawthorne For $3.3M

Property Image
SOLD
$3,278,525
T.C. Macker
Albert Pacleb

California

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Office7,200 SF
Sold 11/06/2018
the dealplayerscompscontact
Property Image
SOLD

T.C. Macker And Albert Pacleb Acquire Office Building In Hawthorne For $3.3M

12831 Cerise Avenue, Hawthorne, CA 90250, USA

See Similar Deals
Office7,200 SF
Sold 11/06/2018
T.C. Macker
Albert Pacleb
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$455
Total Square Footage:7,200 SF
Transaction Type:Sale

The property asset involved in this transaction is an office located at 12831 Cerise Avenue in Hawthorne. The property is a remodeled building specifically built-out for new tenants. It has a total area of 7,200 square feet and was sold for a price of $3,278,525, resulting in a price per square foot of $455. The property generated a gross income of $173,832.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,278,525
  • Address: 12831 Cerise Avenue
  • Market: Hawthorne
  • Square Footage: 7,200
  • Price per Square Foot: $455

The deal was facilitated by brokers T.C. Macker and Albert Pacleb. According to T.C. Macker, the seller had optimized interest with two new leases in place, making it an ideal investment opportunity for the buyer. The transaction took place on November 6, 2018.

Players

Albert Pacleb
LA Commercial
Albert Pacleb
1 deal$3.3M volume(562) 256-4684
BROKER
T.C. Macker
WESTMAC Commercial Brokerage Company
T.C. Macker
65 deals$483.6M volume(310) 966-4352
BROKER

Details

SOLD
IMAGE: Albert Pacleb and T.C. Macker @westlacre DATE: 11/06/2018 ADDRESS: 12831 Cerise Avenue MARKET: Hawthorne ASSET TYPE: Office PRICE: $3,278,525 SF: 7,200 PPSF: $455 GROSS INCOME: $173,832 BROKERS: T.C. Macker and Albert Pacleb NOTE: “This was an ideal investment opportunity for our buyer, as seller had optimized interest with two new leases in place and a remarkable remodeled building specifically built-out for new tenants,” - T.C. Macker. @westlacre

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$174,854.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,647.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,541.88
Annual Debt Service$186,502.57