Joe Liang Acquires Retail Property On Avalon Boulevard In Carson For $3.41M
SOLD
$3,410,000
California
See Similar DealsRetail12,727 SF
Sold 11/28/2023
SOLD
Joe Liang Acquires Retail Property On Avalon Boulevard In Carson For $3.41M
20720 Avalon Boulevard
See Similar DealsRetail12,727 SF
Sold 11/28/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$267
Total Square Footage:12,727 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,115.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,165.14
Annual Debt Service$193,981.68
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