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KOAM Property Investment Purchases Property From SBH Real Estate Group For $3.5 Million In Gardena

Property Image
SOLD
$3,500,000
Frank Choi
Jeremy McChesney

California

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Property Image
SOLD

KOAM Property Investment Purchases Property From SBH Real Estate Group For $3.5 Million In Gardena

15015 Crenshaw BLVD, Gardena, CA...

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Retail
Frank Choi
Jeremy McChesney
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

A triple-net leased retail asset was sold at 15015 Crenshaw Blvd, Gardena, CA. KOAM Property Investment acquired the property for $3,500,000. The asset does not have any square footage mentioned and is situated in the Gardena market. Super Star Car Wash has signed a 25-year triple-net ground lease for this property, which opened for business in early 2022. The tenant has invested over $3 million into the location.

Summary of transaction details:

Jeremy McChesney represented the seller, SBH Real Estate, while Frank Choi represented the buyer in this transaction. The involvement of these brokers facilitated the completion of the sale, with both representatives playing a crucial role in the negotiation process.

Players

Jeremy McChesney
Hanley Investment Group
Jeremy McChesney
26 deals$112.9M volume(949) 585-7671
BROKER
Frank Choi
Frank Choi
2 deals$7M volume
BROKER
KI
KOAM Property Investment
BUYER
SG
SBH Real Estate Group
SELLER

Details

SOLD
IMAGE: 15015 Crenshaw BLVD, Gardena, CA... MARKET: Gardena BUYER'S REP: Frank Choi SELLER'S REP: Jeremy McChesney-Hanley Investment Group - Real Estate Advisors BUYER: KOAM Property Investment SELLER: SBH Real Estate Group PRICE: $3,500,000.00 SF: 0

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

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43