Updated Sep 5, 2024
Anchor Point Capital Acquires Retail Property In Torrance For $16.9M
2382 Crenshaw Boulevard, Torrance, California 90501, United States
$16,900,000
$715/SF
Building Size
23,622 SF
Asset Type
Retail
Closing
Mar 30, 2022
About this deal
AI
Located at 2382 Crenshaw Blvd. in Torrance, this retail property was recently sold in a closed transaction. The property spans approximately 23,622 square feet, with a price per square foot of $715. The sale was facilitated by Eric Vu from Anchor Point Capital.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $16,900,000
- Market: Torrance
- Broker: Eric Vu - Anchor Point Capital
Eric Vu from Anchor Point Capital represented the involved parties in this transaction. This successful deal highlights the expertise of Eric Vu and the impact of Anchor Point Capital in the Torrance market.
Players
Torrance 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93