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15734 Hawthorne Boulevard, ...

Jung Nam Park Acquires Retail Property On Hawthorne Blvd In South Bay For $3.33M
SOLDRetail

Jung Nam Park Acquires Retail Property On Hawthorne Blvd In South Bay For $3.33M

15734 Hawthorne Boulevard, Lawndale, California 90505, United States

$3,330,000

$547/SF

Building Size

6,080 SF

Asset Type

Retail

Closing

Apr 21, 2022

AI

A retail property located at 15734 Hawthorne Blvd. in South Bay was recently sold for a price of $3,330,000. The property spans an area of 6,080 square feet with a price per square foot of $547. The sale took place on April 22, 2022. The buyer of the property was Jung Nam Park, while the seller was Dale Moen.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,330,000
  • Address: 15734 Hawthorne Blvd.
  • Market: South Bay
  • Square Footage: 6,080
  • Price per Square Foot: $547

Representing the buyer, Jung Nam Park, in this transaction was Michael Gill from LPL Financial. On the other side, representing the seller, Dale Moen, was Jason Ehrenpreis from CBM1.

Players

Jason Ehrenpreis

CBM1

Broker

$23.1M

vol

4 deals

Broker

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

4.76%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93