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1436 Aviation Boulevard, Re...

Liz Hix Acquires Office In Redondo Beach For $2.7M
SOLDOffice

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

Robert Hooks

Cushman & Wakefield

Broker

$10.7M

vol

2 deals

Broker

Redondo Beach 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

5.84%

Cash-on-Cash

-1.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93