Updated Sep 9, 2024
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
About this deal
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