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1310 Pacific Coast Hwy, Her...

Ron Hakakian Sells Hermosa Beach Retail Property For $6.15M Through CBRE
SOLDRetail

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

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

Simon Mattox

Kidder Mathews

Broker

$414.9M

vol

20 deals

Broker

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