Fang Trust Acquires Property On Artesia Blvd In Cerritos For $2.5M
13331 Artesia Blvd, Cerritos, CA, USA
$2,500,000
$196/SF
Building Size
12,758 SF
Asset Type
Retail
Closing
Jul 14, 2019
AI
The property located at 13331 Artesia Blvd in Cerritos, Gateway Cities, was recently sold for $2,500,000. The transaction took place on July 15, 2019, with a 9 Calendar Day Escrow. The property spans a total area of 12,758 square feet, resulting in a price per square foot of $195.96.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $2,500,000
- Buyer: Fang Trust
- Seller: Artesia Properties
- Brokers: Ben Brownstein - The Witty Broker & Brandon Michaels - BMGCRE
Ben Brownstein from The Witty Broker and Brandon Michaels from BMGCRE represented the parties involved in the transaction.
Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93