Updated Dec 21, 2023
Anthony Kam Acquires Retail Property In Redondo Beach For $4.2M
1760 Aviation Boulevard, Redondo Beach, California 90278, United States
$4,200,000
$1,205/SF
Building Size
3,485 SF
Asset Type
Retail
Closing
May 3, 2022
About this deal
AI
1760 Aviation Blvd. in Redondo Beach has been sold in a recent transaction. The property is a retail asset with a size of 3,485 square feet. The sale price for the property was $4,200,000, resulting in a price per square foot of $1,205.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Square Footage: 3,485
- Address: 1760 Aviation Blvd., Redondo Beach
- Market: Redondo Beach
Anthony Kam purchased the property from Turner Newton. Michael Benesch from The Altemus Company represented Anthony Kam as the buyer's representative. Ryan Sharpe from Kidder Mathews acted as the seller's representative in the deal.
On the Map
$4,200,000
$1,205/SF
Retail
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Players
Redondo Beach 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93