Updated Mar 11, 2025
First Financial Capital Provides $4.34M Acquisition Loan For Retail Property In Torrance
3900 Sepulveda Blvd Torrance, CA 90505, USA
$4,340,000
$222/SF
Building Size
19,524 SF
Asset Type
Retail
Closing
Sep 8, 2023
About this deal
AI
The property involved in this transaction is a retail asset located at 3900 West Sepulveda Boulevard in Torrance. The property spans 19,524 square feet, making it a spacious option for retail operations in the area. The transaction took place on September 8, 2023, with Faraz Ghadooshahy and Chandler Kelley handling the negotiations.
Summary of transaction details
- Property Type: Retail
- Square Footage: 19,524
- Address: 3900 West Sepulveda Boulevard, Torrance
- Market: Torrance
- Lender: Faraz Ghadooshahy - First Financial Capital
- Landlord: Mohammed Mohammed
- Broker: Chandler Kelley - Retail Link Associates
The focus of this deal was an acquisition loan obtained by the buyer. The loan amount for this transaction was $4,340,000. The loan terms included a duration of 1 year with the option for 2 free annual renewals. It is an interest-only loan with no prepayment penalties. This loan will provide the necessary financial support for the buyer to complete the acquisition of the retail property on Sepulveda Boulevard.
On the Map
$4,340,000
$222/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.66%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93