Ron Harari Acquires Retail Property In Signal Hill For $6.75M
SOLD
California
See Similar DealsRetail18,486 SF
Sold 05/29/2024
SOLD
Ron Harari Acquires Retail Property In Signal Hill For $6.75M
2261 East Willow Street
See Similar DealsRetail18,486 SF
Sold 05/29/2024
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$365
Total Square Footage:18,486 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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