Updated Dec 20, 2023
Marcus & Millichap Sells Retail Property In Redondo Beach For $2.875M With Brandon Michaels & Steven Schechter
2411 Artesia Blvd, Redondo Beach, CA 90278, USA
$2,875,000
$449/SF
Building Size
6,396 SF
Asset Type
Retail
Closing
Sep 24, 2020
About this deal
AI
Located at 2411 Artesia Boulevard in Redondo Beach, this retail property was recently sold in a closed transaction. The property features a total price of $2,875,000 and is listed by Brandon Michaels and Steven Schechter from Marcus & Millichap.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,875,000
- Address: 2411 Artesia Boulevard, Redondo Beach
- Market: Redondo Beach
Brandon Michaels and Steven Schechter, both from Marcus & Millichap, represented the parties involved in this transaction.
The retail sale at 2411 Artesia Blvd, Redondo Beach, CA 90278, USA in Redondo Beach, California sold for $2.9M in 2020. The building is 6,396 square feet, implying about 449 per square foot on the published price. Steven Schechter, Brandon Michaels, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Redondo Beach, California file for the 2411 Artesia Blvd, Redondo Beach, CA 90278, USA retail sold: pricing, party profiles, and other closed retail comps from the same Redondo Beach sit in the Market section below. Filter that Redondo Beach retail set by closing date to see what else sold near 2411 Artesia Blvd, Redondo Beach, CA 90278, USA around 2020. Published consideration for 2411 Artesia Blvd, Redondo Beach, CA 90278, USA is $2.9M, dated 2020. Cite this Marcus & Millichap Sells Retail Property In Redondo Beach For $2.875M With Brandon Michaels & Steven Schechter sale when underwriting similar retail product around Redondo Beach, California.
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
5.52%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93