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
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