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Anchor Point Capital Acquires Retail Property In Torrance For $16.9M

Property Image
SOLD
$16,900,000

California

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Retail23,622 SF
Sold 03/31/2022
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Property Image
SOLD

Anchor Point Capital Acquires Retail Property In Torrance For $16.9M

2382 Crenshaw Boulevard, Torrance, California 90501, United States

See Similar Deals
Retail23,622 SF
Sold 03/31/2022
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$715
Total Square Footage:23,622 SF
Transaction Type:Sale

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

Eric Vu
Anchor Point Capital
Eric Vu
3 deals$46M volume
BROKER

Details

SOLD
IMAGE: Eric Vu DATE: 03/31/2022 ADDRESS: 2382 Crenshaw Blvd. MARKET: Torrance ASSET TYPE: Retail BROKER: Eric Vu - Anchor Point Capital SALE PRICE: $16,900,000 SF: 23,622 ~ PPSF: $715

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$901,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,042.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,114.62
Annual Debt Service$961,375.46