Benecia Avenue LLC Acquires Sylvia Square Retail Strip Center In Torrance For $6.7M
23811 Hawthorne Blvd Torrance, CA 90505, USA
$6,700,000
$439/SF
Building Size
15,234 SF
Asset Type
Retail
Closing
May 26, 2023
AI
Sylvia Square, a retail strip center located at 23811-23827 Hawthorne Boulevard in Torrance, has been sold for $6.7 million. The transaction was brokered by NAI Capital Commercial, with the seller, Sylvia Square Properties LLC, and the buyer, Benecia Avenue LLC, both represented by NAI agents Sheri Messerlian and David Shaby. The property spans 15,234 square feet and was sold at a price per square foot of $440.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,700,000
- Address: 23811-23827 Hawthorne Boulevard
- Market: Torrance
- Buyer: Benecia Avenue LLC
- Seller: Sylvia Square Properties LLC
- Brokers: Sheri Messerlian & David Shaby - NAI Capital Commercial
- Square Footage: 15,234
- Price per Square Foot: $440
NAI Capital Commercial facilitated the transaction of Sylvia Square, a retail strip center in Torrance. Sheri Messerlian and David Shaby, representing NAI Capital Commercial, acted as brokers for both the buyer and seller in the $6.7 million sale.
Players
Los Angeles 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93