Redondo Beach Retail Property Sold For $9.1M With Buyer's Rep John Katnik & Seller's Rep Elliot Hassan
234 S Pacific Coast Hwy, Redondo Beach, CA 90277, USA
$9,100,000
$40/SF
Building Size
225,210 SF
Asset Type
Retail
Closing
Aug 31, 2020
AI
The retail property located at 234 S. Pacific Coast Hwy in Redondo Beach has been sold for $9,100,000. This property spans 22,521 square feet and has a price per square foot of $404.07. The transaction took place on September 1, 2020. The property is a 16-tenant shopping center.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,100,000
- Address: 234 S. Pacific Coast Hwy
- Market: Redondo Beach
- Square Footage: 22,521
- Price Per Square Foot: $404.07
The sale of this retail property was facilitated by the following brokers: John Katnik, Elliot Hassan, Michael Hanassab, and Sasha Rahban.
Players
Redondo 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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93