facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Lease

/

4621 Firestone Blvd, South ...

WSS Signs Lease For Retail Space At 4621 Firestone Blvd In South Gate With Landlord Primestor
LEASEDRetail

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

Sam Kangavari

NAI Global

Broker

$10.7M

vol

6 deals

Broker
W
WSSTenant

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