Updated Dec 20, 2023
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
About this deal
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:
- 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.
Players
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