Moon Lim And JLL Acquire Retail Property In Lawndale For $14M
15205 Hawthorne Boulevard, Lawndale, California 90260, United States
$14,000,000
Building Size
—
Asset Type
Retail
Closing
Jan 8, 2023
AI
The retail property located at 15205 Hawthorne Blvd in Lawndale has been sold for a price of $14,000,000. The transaction took place on January 9, 2023. The property was represented by Richard Rizika & Vanessa Zhang from Beta Agency, while Adam Friedlander from Beta Agency and Moon Lim from JLL represented the buyer.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,000,000
- Date: January 9, 2023
- Address: 15205 Hawthorne Blvd, Lawndale
- Market: Lawndale
The buyer's representative in the deal was Adam Friedlander from Beta Agency, along with Moon Lim from JLL. The seller's representatives were Richard Rizika and Vanessa Zhang from Beta Agency.
Players
Lawndale 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93