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1760 Aviation Boulevard, Re...

Anthony Kam Acquires Retail Property In Redondo Beach For $4.2M
SOLDRetail

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

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.

Players

Ryan Sharpe

Kidder Mathews

Broker

$82.5M

vol

20 deals

Broker

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