Philip Bonstin Sells Retail Property On E Pacific Coast Hwy In Hermosa Beach, CA For $4.3M
SOLD
$4,300,000
California
See Similar DealsRetail4,773 SF
Sold 08/12/2022
SOLD
Philip Bonstin Sells Retail Property On E Pacific Coast Hwy In Hermosa Beach, CA For $4.3M
2461 Pacific Coast Highway, Hermosa Beach, California 90254, United States
See Similar DealsRetail4,773 SF
Sold 08/12/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$900
Total Square Footage:4,773 SF
Transaction Type:Sale
The retail property located at 2461 E Pacific Coast Hwy in Hermosa Beach, CA has been sold for $4,300,000. The property spans across 4,773 square feet, resulting in a price per square foot of $901. The transaction took place on 08/12/2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $4,300,000
- Square Footage: 4,773
- Price per Square Foot: $901
- Address: 2461 E Pacific Coast Hwy, Hermosa Beach, CA
- Seller: Philip Bonstin
- Broker: Ryan Sharpe - Kidder Mathews
Ryan Sharpe from Kidder Mathews represented Philip Bonstin in the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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