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2461 E Pacific Coast Hwy, H...

Ryan Sharpe Of Kidder Mathews Represents Seller Philip Bonstin In $4.3M Retail Sale
SOLDRetail

Ryan Sharpe Of Kidder Mathews Represents Seller Philip Bonstin In $4.3M Retail Sale

2461 E Pacific Coast Hwy, Hermosa Beach,

$4,300,000

$900/SF

Building Size

4,773 SF

Asset Type

Retail

Closing

Aug 12, 2022

AI

An retail property located at 2461 E Pacific Coast Hwy in Hermosa Beach, CA has recently been sold. The property spans 4,773 square feet and was sold for $4,300,000, resulting in a price per square foot of $901.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,300,000
  • Address: 2461 E Pacific Coast Hwy, Hermosa Beach, CA
  • Square Footage: 4,773
  • Price Per Square Foot: $901

The seller of the property was Philip Bonstin. The transaction was facilitated by broker Ryan Sharpe from Kidder Mathews.

Players

Philip Bonstin

Seller

$8.6M

vol

2 deals

Seller

Hermosa 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93