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20501 Avalon Boulevard, Car...

Clif Damavandi Acquires Retail Property In Carson For $9.9M
SOLDRetail

Clif Damavandi Acquires Retail Property In Carson For $9.9M

20501 Avalon Boulevard, Carson, California 90746, United States

$9,900,000

$1,995/SF

Building Size

4,962 SF

Asset Type

Retail

Closing

Feb 16, 2022

AI

The retail property located at 20501 S. Avalon Blvd. in Carson has been sold for $9,900,000. The transaction took place on 02/17/2022.

Summary of transaction details:

The deal was facilitated by CBRE's brokerage team consisting of Simon Mattox, Dan Riley, Austin Wolitarsky, Bill Durslag, and Kyle Woods. They represented both the buyer, Clif Damavandi, and the seller, Patrick Theodora, in the transaction.

Players

Simon Mattox

Kidder Mathews

Broker

$414.9M

vol

20 deals

Broker

Carson 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

1.60%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93