Ron Harari Acquires Retail Property In Signal Hill For $6.75M
2261 East Willow Street
$6,750,000
$365/SF
Building Size
18,486 SF
Asset Type
Retail
Closing
May 29, 2024
AI
The retail property located at 2261 East Willow Street in Signal Hill has been sold for $6,750,000. This property spans 18,486 square feet, equating to a price per square foot of $365. The transaction took place on May 29, 2024, with Ron Harari acquiring the property from Brian Donaldson.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,750,000
- Buyer: Ron Harari
- Seller: Brian Donaldson
- Buyer's Representative: Kelly Hawkshaw, Eric Mandell, Luc Hawkshaw & Jeffrey Ahn - Ally Commercial Real Estate
The deal was facilitated by Kelly Hawkshaw, Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn from Ally Commercial Real Estate, representing the buyer in this transaction.
Players
Signal Hill 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93