Updated Sep 9, 2024
Daniel Hirth & Elijah Suval Broker Retail Property Sale In Gardena For $1.73M
2206 West Rosecrans Avenue, Gardena, CA, USA
$1,730,000
$1,310/SF
Building Size
1,320 SF
Asset Type
Retail
Closing
Mar 22, 2021
About this deal
AI
A retail property located at 2206 W Rosecrans Avenue in Gardena has been sold in a closed transaction. The property encompasses an area of 1,320 square feet and was sold at a price of $1,730,000, resulting in a price per square foot of $1,310. The sale took place on 03/23/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,730,000
- Asking Price: $1,715,000
- Square Footage: 1,320
- Market: Gardena
The transaction was facilitated by brokers Daniel Hirth and Elijah Suval from the irthGroup. They represented the parties involved in the deal.
The property was initially listed at an asking price of $1,715,000. However, it was eventually sold for $1,730,000, resulting in a 4% capitalization rate.
Players
Gardena 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
9.17%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93