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

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SOLD
$4,550,000

California

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Retail1,568 SF
Sold
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Property Image
SOLD

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

13363 Artesia Boulevard, Cerritos, California 90703, United States

See Similar Deals
Retail1,568 SF
Sold
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2901
Total Square Footage:1568 SF
Transaction Type:Sale

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
Chandler J Kelley
11 deals$46M volume
BROKER

Details

SOLD
IMAGE: Chandler J. Kelley DATE: 12/16/2021 ADDRESS: 13363 Artesia Blvd. MARKET: South Los Angeles ASSET TYPE: Retail BUYER: Dan Rabadi SELLER: CLPF - Rob Saslow BUYER’S REP: Bridge Realty SELLER’S REP: Chandler J. Kelley (@SellBikeRun) - Retail Link Associates & The Gas Broker (@TheGasBroker) SALE PRICE: $4,550,000 SF: 1,568 ~ PPSF: $2,901

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$242,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86