WSS Signs Lease For Retail Space At 4621 Firestone Blvd In South Gate With Landlord Primestor
4621 Firestone Blvd, South Gate, CA, USA
Building Size
14,576 SF
Asset Type
Retail
Closing
Dec 24, 2019
AI
A retail property located at 4621 Firestone Blvd in South Gate has been leased to WSS. The lease, facilitated by brokers Sam Kangavari from NAI Capital and Carol Springstead from Springstead & Associates, CCIM, was signed on 12/25/2019. The property spans 14,576 square feet and the asking rent was $2.35 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: WSS
- Landlord: Primestor
- Brokers: Sam Kangavari - NAI Capital, Carol Springstead - Springstead & Associates, CCIM
- Lease Value: $4,234,328
This lease transaction on 4621 Firestone Blvd was made possible by the efforts of brokers Sam Kangavari from NAI Capital and Carol Springstead from Springstead & Associates, CCIM. They represented the tenant, WSS, and the landlord, Primestor, respectively. The lease is valued at $4,234,328.
Players
South Gate Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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