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20720 Avalon Boulevard

Joe Liang Acquires Retail Property On Avalon Boulevard In Carson For $3.41M
SOLDRetail

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

Pablo Rodriguez

Newmark

Broker

$38.3M

vol

5 deals

Broker
AP
Atlas Real Estate PartnersSeller

Carson Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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