Updated Dec 21, 2023
Stuart Sackley Acquires Retail Property In Redondo Beach, CA From Abbass Tousi For $5.35M
1212 S Pacific Coast Hwy, Redondo Beach, California 90277, United States
$5,350,000
$522/SF
Building Size
10,239 SF
Asset Type
Retail
Closing
Sep 19, 2022
About this deal
AI
The retail property located at 1212 S Pacific Coast Hwy in Redondo Beach, CA has been sold for $5,350,000. The transaction took place on 09/20/2022 and the property spans a total area of 10,239 square feet, resulting in a price per square foot of $523.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,350,000
- Date: 09/20/2022
- Address: 1212 S Pacific Coast Hwy
- Market: Redondo Beach, CA
- Buyer: Stuart Sackley
- Seller: Abbass Tousi
- Brokers: Ryan Sharpe - Kidder Mathews; Cristian Goodson & Jamie Brooks - CBRE
The deal was facilitated by Ryan Sharpe from Kidder Mathews, as well as Cristian Goodson and Jamie Brooks from CBRE, representing the parties involved in the transaction.
Players
Redondo 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93