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13331 Artesia Blvd, Cerrito...

Fang Trust Acquires Property On Artesia Blvd In Cerritos For $2.5M
SOLDRetail

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

Ben Brownstein

Marcus & Millichap

Broker

$40.5M

vol

10 deals

Broker

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