Updated Dec 11, 2024
Pinnacle Real Estate Advisors Sells Cerritos Retail Property For $14.8M
12221 Norwalk Boulevard, Cerritos, CA, USA
$14,800,000
$282/SF
Building Size
52,382 SF
Asset Type
Retail
Closing
Aug 26, 2021
About this deal
AI
Located in Cerritos, the retail property at 12221-17312 Norwalk Blvd. recently changed hands in a closed transaction. The property spans a total area of 52,382 square feet and was sold for a price of $14,800,000, resulting in a price per square foot of $282. The deal was facilitated by Peter Sengelmann, Eric Diesch, and Jackson Coon of Pinnacle Real Estate Advisors, who represented the seller.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $14,800,000
- Address: 12221-17312 Norwalk Blvd.
- Market: Cerritos
- Square Footage: 52,382
- Price Per Square Foot: $282
The seller was represented in the transaction by Peter Sengelmann, Eric Diesch, and Jackson Coon of Pinnacle Real Estate Advisors. The involvement of these individuals highlights the importance of their expertise in facilitating successful deals in the retail market.
On the Map
$14,800,000
$282/SF
Retail
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Cerritos 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93