Updated Dec 21, 2023
Ron Hakakian Sells Hermosa Beach Retail Property For $6.15M Through CBRE
1310 Pacific Coast Hwy, Hermosa Beach, California 90254, United States
$6,150,000
$660/SF
Building Size
9,316 SF
Asset Type
Retail
Closing
Jan 10, 2022
About this deal
AI
Located in Hermosa Beach, the retail property at 1310-1314 Pacific Coast Highway has recently been sold. The property spans 9,316 square feet and was sold for a price of $6,150,000, resulting in a price per square foot of $660. The transaction took place on January 10, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,150,000
- Square Footage: 9,316
- Address: 1310-1314 Pacific Coast Highway, Hermosa Beach
- Market: Hermosa Beach
The seller of the property was Ron Hakakian. The deal was facilitated by the team at CBRE, including brokers Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, and Kyle Woods.
Players
Hermosa 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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93