Jung Nam Park Acquires Retail Property On Hawthorne Blvd In South Bay For $3.33M
SOLD
$3,330,000
California
See Similar DealsRetail6,080 SF
Sold 04/22/2022
SOLD
Jung Nam Park Acquires Retail Property On Hawthorne Blvd In South Bay For $3.33M
15734 Hawthorne Boulevard, Lawndale, California 90505, United States
See Similar DealsRetail6,080 SF
Sold 04/22/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$547
Total Square Footage:6,080 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$177,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,830.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,785.90
Annual Debt Service$189,430.79
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