Updated Oct 28, 2024
MOOL Group Signs Lease For Retail Space In Gardena, California
1569 West Redondo Beach Boulevard, Gardena, CA 90247, USA
Building Size
10,700 SF
Asset Type
Retail
Closing
Oct 4, 2021
About this deal
AI
1569 W. Redondo Beach Blvd. in Gardena has been leased by MOOL Group. The retail property, spanning 10,700 square feet, was leased at an asking rent of $45 per square foot. The lease was finalized on October 4, 2021. Yoel Gidanian is the landlord of the property. Shanna Naim from Ensemble Investments represented the tenant on behalf of MOOL Group.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 1569 W. Redondo Beach Blvd., Gardena
- Market: Gardena
- Asking Rent: $45 per square foot
- Square Footage: 10,700
- Landlord: Yoel Gidanian
- Tenant: MOOL Group
- Tenant's Rep: Shanna Naim - Ensemble Investments
Shanna Naim, from Ensemble Investments, served as the broker representative for MOOL Group during the lease negotiation at 1569 W. Redondo Beach Blvd. in Gardena.
Players
Gardena Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93