Joe Liang Acquires Retail Property On Avalon Boulevard In Carson For $3.41M
20720 Avalon Boulevard
$3,410,000
$267/SF
Building Size
12,727 SF
Asset Type
Retail
Closing
Nov 28, 2023
AI
The retail property located at 20720 Avalon Boulevard in Carson has been sold in a closed transaction. The property spans 12,727 square feet and has been purchased by Joe Liang from Atlas Real Estate Partners. The sale price for the property is $3,410,000.00, resulting in a price per square foot of $268. Pablo Rodriguez from Newmark represented Joe Liang as the buyer's representative in this transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,410,000.00
- Buyer: Joe Liang
- Seller: Atlas Real Estate Partners
- Buyer's Representative: Pablo Rodriguez - Newmark
This deal highlights the successful collaboration between Joe Liang as the buyer and Pablo Rodriguez from Newmark as their representative. The transaction showcases the potential and attractiveness of the retail market in Carson, making it an appealing investment opportunity for Joe Liang and a successful exit strategy for Atlas Real Estate Partners.
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
4.65%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93