Jim's Auto Sales Acquires 17,000 SF Medical Building Package In Harbor City For $5.75M

A package deal consisting of a 17,000 square foot medical building and two residential development lots located at 25617 Dodge Ave in Harbor City has been sold. The transaction was completed on December 24, 2020, with the buyer being Jim's Auto Sales (@JasincMotoring) and the seller being Harbor City Dental Properties LLC.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $5,750,000
• Square Footage: 17,000
• Price per Square Foot: $329
• Capitalization Rate: 5.90%

Rodman Amiri (@Rodman8600) from Merit Real Estate (@MeritRealEstate) represented the buyer, Jim's Auto Sales, while Simon Mattox (@SimonMattox) from CBRE represented the seller, Harbor City Dental Properties LLC. It is worth noting that this transaction involved the purchase of three parcels, including the medical building and the two residential development lots.