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3275 Tweedy Blvd, South Gat...

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
SOLDOffice

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

Ben Brownstein

Marcus & Millichap

Broker

$40.5M

vol

10 deals

Broker

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