Stuart Sackley Acquires Retail Property In Redondo Beach, CA From Abbass Tousi For $5.35M
SOLD
$5,350,000
+ 1
California
See Similar DealsRetail10,239 SF
Sold 09/20/2022
SOLD
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
See Similar DealsRetail10,239 SF
Sold 09/20/2022
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$522
Total Square Footage:10,239 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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