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
Los Angeles 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