Updated Oct 28, 2024
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
About this deal
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.
On the Map
$4,550,000
$2,901/SF
Retail
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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