Updated Oct 29, 2024
Goma Elbiali Acquires Retail Asset In Santa Fe Springs For $4.6M
11405 Florence Avenue
$4,600,000
Building Size
—
Asset Type
Retail
Closing
Feb 8, 2023
About this deal
AI
The retail property located at 11405 Florence Avenue in Santa Fe Springs has been sold in a recent transaction. The property has a total square footage of 2,000 and was sold for a price of $4,600,000, resulting in a price per square foot of $2,300. The asset was initially listed for an asking price of $4,900,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 11405 Florence Avenue, Santa Fe Springs
- Market: Santa Fe Springs
The buyer of the property is Goma Elbiali, while the seller is the International Church Of The Foursquare. The deal was facilitated by David Dawud from RE/MAX One Commercial, representing the buyer. The transaction was successfully closed on 02/08/2023.
Players
Market 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93