Black Lion Investment Group Sells Bellflower Retail Property For $7M
15737 Bellflower Boulevard, Bellflower, CA, USA
$7,000,000
$378/SF
Building Size
18,500 SF
Asset Type
Retail
Closing
May 19, 2021
AI
The retail property located at 15737-15751 Bellflower Blvd in Bellflower has been sold for $7,000,000. The property spans 18,500 square feet, resulting in a price per square foot of $378. The transaction took place on May 20, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 15737-15751 Bellflower Blvd, Bellflower
- Market: Bellflower
- Seller: Black Lion Investment Group
- Brokers: David & Chris Maling - Avison Young
Black Lion Investment Group, a prominent buyer and seller in the real estate market, successfully closed this transaction. The company has been rapidly expanding and recently acquired Oracle Wetmore for $38 million. This sale adds to their ongoing hot streak in the industry.
Players
Bellflower Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93