Updated Oct 28, 2024
Brixton Capital Acquires Retail Property In Inland Empire For $37.5M
1638 East 2nd Street, Long Beach, CA, USA
$37,500,000
$200/SF
Building Size
187,000 SF
Asset Type
Retail
Closing
Sep 9, 2021
About this deal
AI
Brixton Capital has acquired a retail property in Inland Empire for $37,500,000. The property, located at 1638 E. Second St., spans 187,000 square feet, equating to a price per square foot of $200. The transaction took place on September 9, 2021, with Peggy Hanshaw serving as the seller. Daniel Tyner & Gleb Lvovich from JLL represented both the buyer and seller in the deal.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $37,500,000
- Address: 1638 E. Second St.
- Market: Inland Empire
- Buyer: Brixton Capital
- Seller: Peggy Hanshaw
- Broker: Daniel Tyner & Gleb Lvovich - JLL
- Square Footage: 187,000
- Price per Square Foot: $200
The acquisition of this retail property was completed by Brixton Capital, with Peggy Hanshaw as the seller. Representing both parties, Daniel Tyner & Gleb Lvovich from JLL played crucial roles in the transaction.
Players
Long Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Gleb Lvovich to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93