Updated Dec 4, 2024
Office Property Sold In Redondo Beach For $5 Million With Brokers Eric Lastition & Geoff Ludwig
1706 South Elena Avenue
$5,000,000
$702/SF
Building Size
7,118 SF
Asset Type
Office
Closing
Jul 9, 2024
About this deal
AI
The property asset involved in this transaction is an office space located at 1706 South Elena Avenue in the Redondo Beach market. The sale price for the property was $5,000,000, covering a total area of 7,118 square feet, which equates to a price per square foot of $702.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 1706 South Elena Avenue
- Market: Redondo Beach
- Square Footage: 7,118
- Price Per Square Foot: $702
Key individuals involved in the deal include brokers Eric Lastition and Geoff Ludwig, who are representatives from Newmark. They facilitated the transaction, contributing their expertise in the real estate market to successfully close the deal.
On the Map
$5,000,000
$702/SF
Office
View full map
Players
Redondo Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Geoff Ludwig to view all their deals.
Browse Redondo Beach office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93