Updated Oct 29, 2024
Powers Court Partners Acquires Retail Property In Manhattan Beach For $5.25M
1002 Manhattan Beach Blvd, Manhattan Beach, CA, USA
$5,250,000
$3,248/SF
Building Size
1,616 SF
Asset Type
Retail
Closing
Jan 5, 2021
About this deal
AI
A retail property located at 1002 Manhattan Beach Blvd. in Manhattan Beach has been sold. The property was purchased by Powers Court Partners for a total price of $5,250,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,250,000
The sale was facilitated by brokers Dan Riley, Bill Durslag, Simon Mattox, Austin Wolitarsky, Kyle Woods, and Sam Aaron from CBRE. They represented the buyer and seller in this transaction.
The retail sale at 1002 Manhattan Beach Blvd, Manhattan Beach, CA, USA in Manhattan Beach, California sold for $5.3M in 2021. The building is 1,616 square feet, implying about 3.2K per square foot on the published price. Sam Aaron, Bill Durslag, Austin Wolitarsky, Simon Mattox appear on the sale alongside CBRE. This page is the Manhattan Beach, California file for the 1002 Manhattan Beach Blvd, Manhattan Beach, CA, USA retail sold: pricing, party profiles, and other closed retail comps from the same Manhattan Beach sit in the Market section below. Filter that Manhattan Beach retail set by closing date to see what else sold near 1002 Manhattan Beach Blvd, Manhattan Beach, CA, USA around 2021. Published consideration for 1002 Manhattan Beach Blvd, Manhattan Beach, CA, USA is $5.3M, dated 2021. Cite this Powers Court Partners Acquires Retail Property In Manhattan Beach For $5.25M sale when underwriting similar retail product around Manhattan Beach, California.
On the Map
$5,250,000
$3,248/SF
Retail
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Players
Manhattan Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93