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1550 West Redondo Beach Bou...

Updated Oct 28, 2024

James Son Acquires Retail Property In Gardena, CA For $15.1M
SOLDRetail

James Son Acquires Retail Property In Gardena, CA For $15.1M

1550 West Redondo Beach Boulevard, Gardena, California 90247, United States

$15,120,000

$540/SF

Building Size

28,000 SF

Asset Type

Retail

Closing

Sep 27, 2022

About this deal

AI

The retail property located at 1550 W Redondo Beach Blvd in Gardena, CA has been recently sold. The transaction took place on 09/28/2022 and the property was purchased for a total amount of $15,120,000. The property spans across 28,000 square feet, resulting in a price per square foot of $540. The buyer of the property is James Son, while the seller is Storm Properties. The deal was facilitated by Gleb Lvovich, Daniel Tyner, and Geoff Tranchina from JLL.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,120,000
  • Property Size: 28,000 square feet
  • Price per Square Foot: $540
  • Transaction Date: 09/28/2022
  • Buyer: James Son
  • Seller: Storm Properties
  • Brokers: Gleb Lvovich, Daniel Tyner, Geoff Tranchina (JLL)

This transaction showcases the successful sale of a retail property in Gardena, CA. James Son acted as the buyer, while Storm Properties served as the seller. The deal was facilitated by Gleb Lvovich, Daniel Tyner, and Geoff Tranchina, who represented JLL. This transaction demonstrates the robust real estate market in Gardena, CA, with the property being highly sought after due to its attractive features and location.

Players

Daniel Tyner

JLL

Broker

$2.2B

vol

67 deals

Broker
SP
Storm PropertiesSeller

Gardena Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $540 per square foot on a published $15.1M for 28,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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