Deutsche Bank Provides $75M Loan For Retail Property At 21221 Hawthorne Boulevard, Torrance, CA
21221 Hawthorne Boulevard, Torrance, California 90503, United States
$75,000,000
$414,364/SF
Building Size
181 SF
Asset Type
Retail
Closing
Feb 12, 2022
AI
21221 Hawthorne Boulevard, located in Torrance, CA, is a retail property with a total square footage of 181,300. The transaction for this property involved a loan provided by Deutsche Bank and a landlord represented by DJM Capital's Lindsay Parton. The loan amount for this deal was $75,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75,000,000
- Date: 12/02/2022
- Market: Torrance, CA
- Asset Type: Retail
- Square Footage: 181,300
- Lender: Deutsche Bank
- Landlord: DJM Capital - Lindsay Parton
In addition to the loan from Deutsche Bank, DJM Capital's Lindsay Parton played a key role as the landlord's representative in this deal.
Players
Torrance Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93