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205 E Anaheim St

Tova Capital Acquires Retail Property In Long Beach For $6.2M
SOLDRetail

Tova Capital Acquires Retail Property In Long Beach For $6.2M

205 E Anaheim St

$6,200,000

$179/SF

Building Size

34,514 SF

Asset Type

Retail

Closing

Dec 9, 2022

AI

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.

Players

Jared Swedelson

NAI Global

Broker

$119.2M

vol

18 deals

Broker

Ron Harari

Tova Capital

Buyer

$17.9M

vol

3 deals

Buyer

Michelle Molina

Seller

$12.4M

vol

2 deals

Seller

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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