facebook
Traded Co logo
Submit

Redondo Beach Retail Property Sold For $9.1M With Buyer's Rep John Katnik & Seller's Rep Elliot Hassan

Property Image
SOLD
$9,100,000
Sasha Rahban
Michael (Mike) Hanassab
John Katnik
+ 1

California

See Similar Deals
Retail225,210 SF
Sold 09/01/2020
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Retail225,210 SF
Sold 09/01/2020
Sasha Rahban
Michael (Mike) Hanassab
John Katnik
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:225,210 SF
Transaction Type:Sale

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

John Katnik
BRC Advisors
John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER
Michael (Mike) Hanassab
James Capital Advisors
Michael Hanassab
16 deals$93.8M volume
BROKER
Sasha Rahban
Douglas Elliman
Sasha Rahban
10 deals$56.6M volume(310) 963-9680
BROKER
Elliot Hassan
NorthMarq
Elliot Hassan
26 deals$259.8M volume
BROKER

Details

SOLD
IMAGE: @JohnKatnik, Elliot Hassan (@Ehassan), @MikeHanassab & Sasha Rahban (@SashaRahban_RealEstate) DATE: 09/01/2020 ADDRESS: 234 S. Pacific Coast Hwy MARKET: Redondo Beach ASSET TYPE: Retail PRICE: $9,100,000 SF: 22,521 PPSF: $404.07 BROKERS: John Katnik, Elliot Hassan, Michael Hanassab, Sasha Rahban NOTE: 16 Tenant Shopping Center

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$485,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,330.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,138.64
Annual Debt Service$517,663.71