Clif Damavandi Acquires Retail Property In Carson For $9.9M
SOLD
$9,900,000
+ 2
California
See Similar DealsRetail4,962 SF
Sold 02/17/2022
SOLD
Clif Damavandi Acquires Retail Property In Carson For $9.9M
20501 Avalon Boulevard, Carson, California 90746, United States
See Similar DealsRetail4,962 SF
Sold 02/17/2022
+ 2
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,995
Total Square Footage:4,962 SF
Transaction Type:Sale
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:
- Property Type: Retail
- Transaction Amount: $9,900,000
- Square Footage: 4,962
- Price per Square Foot: $1,995
- Address: 20501 S. Avalon Blvd., Carson
- Market: Carson
- Buyer: Clif Damavandi
- Seller: Patrick Theodora
- Brokers: Simon Mattox, Dan Riley, Austin Wolitarsky, Bill Durslag, and Kyle Woods - CBRE
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$528,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,172.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,931.05
Annual Debt Service$563,172.61
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