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.
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