Tova Capital Acquires Retail Property In Long Beach For $6.2M
SOLD
California
See Similar DealsRetail34 SF
Sold 09/12/2022
SOLD
Tova Capital Acquires Retail Property In Long Beach For $6.2M
205 East Anaheim Street, Long Beach, California 90813, United States
See Similar DealsRetail34 SF
Sold 09/12/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$182,352
Total Square Footage:34 SF
Transaction Type:Sale
A retail property located at 205-233 E Anaheim Blvd in Long Beach has been sold for $6,200,000. The property spans a total area of 34,514 square feet, resulting in a price per square foot of $180. The sale took place on December 9, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,200,000
- Address: 205-233 E Anaheim Blvd
- Market: Long Beach
Tova Capital, represented by Ron Harari & Zach Boren, acquired the property from the seller, Michelle Molina. The transaction was facilitated by Jared Swedelson of NAI Capital.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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