Tova Capital Acquires Retail Property In Long Beach For $6.2M
205 East Anaheim Street, Long Beach, California 90813, United States
$6,200,000
$182,352/SF
Building Size
34 SF
Asset Type
Retail
Closing
Sep 12, 2022
AI
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.
Players
Long 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93