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Black Lion Investment Group Sells Bellflower Retail Property For $7M

Property Image
SOLD
$7,000,000
David Maling
Christopher (Chris) Maling

California

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Retail18,500 SF
Sold
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Property Image
SOLD

Black Lion Investment Group Sells Bellflower Retail Property For $7M

15737 Bellflower Boulevard, Bellflower, CA, USA

See Similar Deals
Retail18,500 SF
Sold
David Maling
Christopher (Chris) Maling
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$378
Total Square Footage:18500 SF
Transaction Type:Sale

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

David Maling
Avison Young
David Maling
12 deals$98.6M volume
BROKER
Christopher (Chris) Maling
Avison Young
Christopher Maling
10 deals$79M volume
BROKER
Black Lion
Black Lion
SELLER

Details

SOLD
IMAGE: Robert Rivani @Robert_Rivani DATE: 05/20/2021 ADDRESS: 15737-15751 Bellflower Blvd MARKET: Bellflower ASSET TYPE: Retail SELLER: Black Lion Investment Group BROKERS: David & Chris Maling - Avison Young SALE PRICE: $7,000,000 SF: 18,500 ~ PPSF: $378 NOTE: Black Lion continues its hot streak of buying and selling at a rapid pace & expansion. This transaction is occurring just after Black Lion's acquisition of Oracle Wetmore for $38 million.

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Debt Service Coverage Ratio (DSCR)

0.94x

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