Liz Hix Acquires Office In Redondo Beach For $2.7M
1436 Aviation Boulevard, Redondo Beach, CA 90278, USA
$2,715,000
$472/SF
Building Size
5,750 SF
Asset Type
Office
Closing
Oct 1, 2021
AI
1436 Aviation Blvd. in Redondo Beach has been sold in a closed transaction. The office property, spanning over 5,750 square feet, was purchased by Liz Hix for a total of $2,715,000, resulting in a price per square foot of $472. The transaction took place on October 1, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,715,000
- Square Footage: 5,750
- Address: 1436 Aviation Blvd.
- Market: Redondo Beach
Representing the buyer, Liz Hix, was Robert Hooks of Cushman & Wakefield. On the other side, Ryan Sharpe of Kidder Mathews served as the seller's representative, working with Tim Vit. This successful transaction highlights the collaboration and expertise of all parties involved.
Players
Redondo Beach 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
5.84%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93