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13363 Artesia Boulevard, Ce...

Dan Rabadi Buys Retail Property On Artesia Blvd In South Los Angeles For $4.55M
SOLDRetail

Dan Rabadi Buys Retail Property On Artesia Blvd In South Los Angeles For $4.55M

13363 Artesia Boulevard, Cerritos, California 90703, United States

$4,550,000

$2,901/SF

Building Size

1,568 SF

Asset Type

Retail

Closing

Dec 16, 2021

AI

The retail property located at 13363 Artesia Blvd. in South Los Angeles has been sold for a price of $4,550,000. The property spans a total of 1,568 square feet, resulting in a price per square foot (PPSF) of $2,901. The transaction took place on December 16, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,550,000
  • Address: 13363 Artesia Blvd.
  • Market: South Los Angeles
  • Square Footage: 1,568
  • Price per Square Foot: $2,901
  • Buyer: Dan Rabadi
  • Seller: CLPF - Rob Saslow
  • Buyer's Representative: Bridge Realty
  • Seller's Representative: Chandler J. Kelley - Retail Link Associates & The Gas Broker

Chandler J. Kelley, representing Retail Link Associates & The Gas Broker, served as the seller's representative in the transaction. Other individuals involved include the buyer, Dan Rabadi, and the seller, CLPF - Rob Saslow. The deal was successfully closed, with the property being purchased at the mentioned price.

Players

Chandler J Kelley

Retail Link Associates

Broker

$46M

vol

11 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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93