Updated Dec 19, 2023
Lorraine Sun Acquires Retail Property In Long Beach For $2.28M With Brokers Ali Lodin, Ryan Sharpe
2165 Long Beach Blvd, Long Beach, CA 90806, USA
$2,280,000
$364/SF
Building Size
6,259 SF
Asset Type
Retail
Closing
Sep 13, 2020
About this deal
AI
A retail property located at 2165 Long Beach Blvd in Long Beach has been sold in a closed transaction. The property, with a market value of $2,280,000, was purchased through a sale facilitated by Lorraine Sun. The seller, Roger Lee, was represented by Ali Lodin and Ryan Sharpe from Kidder.Matthews. The property is a triple-net lease investment, providing a cap rate of 2.77%. The price per square foot for this transaction is $73.
Summary of transaction details
- Property Type: Retail (NNN)
- Transaction Amount: $2,280,000
- Address: 2165 Long Beach Blvd
- Market: Long Beach
Lorraine Sun successfully acquired the retail property located at 2165 Long Beach Blvd in Long Beach. The deal was made possible through the representation of Ali Lodin and Ryan Sharpe from Kidder.Matthews.
Players
Long Beach 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
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93