Fang Trust Acquires Property On Artesia Blvd In Cerritos For $2.5M
SOLD
$2,500,000
California
See Similar DealsRetail12,758 SF
Sold 07/15/2019
SOLD
Fang Trust Acquires Property On Artesia Blvd In Cerritos For $2.5M
13331 Artesia Blvd, Cerritos, CA, USA
See Similar DealsRetail12,758 SF
Sold 07/15/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$196
Total Square Footage:12,758 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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