Brandon Michaels, Matthew Luchs, Ben Brownstein, Steven Schechter, Andrew Leff, Austin Sreden, Nicole Cottrell, Lauren Sackler, Zachary Saloff, John Andreasen, Ingrid Farias-Eisner, Garret Cody, Collin Buttke, JR Louie, And Qiulu Zeng Acquire South Gate Office Building For $860K
3275 Tweedy Blvd, South Gate, CA, USA
$860,000
$278/SF
Building Size
3,091 SF
Asset Type
Office
Closing
Apr 7, 2021
AI
Located at 3275 Tweedy Blvd. in South Gate, this office property was recently sold in a transaction that took place on April 8, 2021. The property spans a total area of 3,091 square feet and was sold for a price of $860,000, resulting in a price per square foot of $278.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $860,000
The sale of this office property involved several individuals and companies. Brandon Michaels, Matthew Luchs, Ben Brownstein, Steven Schechter, Andrew Leff, Austin Sreden, Nicole Cottrell, Lauren Sackler, Zachary Saloff, John Andreasen, Ingrid Farias-Eisner, Garret Cody, Collin Buttke, JR Louie, and Qiulu Zeng played key roles in the transaction as brokers representing various parties involved. Their expertise and negotiation skills contributed to the successful sale of the property.
Players
South Gate 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
18.45%
Cash-on-Cash
-5.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93