Stuart Sackley Acquires Retail Property In Redondo Beach, CA From Abbass Tousi
1212 Pacific Coast Highway
$5,350,000
$522/SF
Building Size
10,239 SF
Asset Type
Retail
Closing
Sep 20, 2022
AI
The retail property located at 1212 S Pacific Coast Hwy in Redondo Beach, CA has been sold for a price of $5,350,000. The property spans across 10,239 square feet, resulting in a price per square foot of $523. The transaction took place on 09/20/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,350,000
- Address: 1212 S Pacific Coast Hwy, Redondo Beach, CA
- Square Footage: 10,239 sqft
- Price per Square Foot: $523
The buyer of the property is Stuart Sackley, while the seller is Abbass Tousi. The transaction was facilitated by brokers Ryan Sharpe, representing Kidder Mathews, and Cristian Goodson and Jamie Brooks, representing CBRE.
Players
Redondo Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93