Tova Capital Acquires Retail Property In Long Beach For $6.2M
SOLD
California
See Similar DealsRetail34,514 SF
Sold 12/09/2022
SOLD
Tova Capital Acquires Retail Property In Long Beach For $6.2M
205 E Anaheim St
See Similar DealsRetail34,514 SF
Sold 12/09/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$179
Total Square Footage:34,514 SF
Transaction Type:Sale
The retail property located at 205-233 E Anaheim Blvd. in Long Beach has been sold in a transaction that closed on December 9, 2022. The property spans a total of 34,514 square feet and was sold for a price of $6,200,000, resulting in a price per square foot of $180. The property is situated in the Long Beach market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,200,000
- Address: 205-233 E Anaheim Blvd.
- Market: Long Beach
- Square Footage: 34,514
- Price per Square Foot: $180
The buyer of the property is Tova Capital, represented by Ron Harari and Zach Boren. The seller in this transaction is Michelle Molina. The deal was facilitated by Jared Swedelson from NAI Capital, who served as the broker for the transaction.
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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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