Hamid Zerehi Acquires Retail Property In Harbor City For $5.2M
SOLD
$5,200,000
California
See Similar DealsRetail1,964 SF
Sold 04/17/2023
SOLD
Hamid Zerehi Acquires Retail Property In Harbor City For $5.2M
26393 South Vermont Avenue
See Similar DealsRetail1,964 SF
Sold 04/17/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$2,647
Total Square Footage:1,964 SF
Transaction Type:Sale
A retail property located at 26393 South Vermont Avenue in Harbor City has been sold for $5,200,000. The property spans 1,964 square feet, resulting in a price per square foot of $2,648. The transaction took place on April 17, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 26393 South Vermont Avenue, Harbor City
- Square Footage: 1,964
- Price per Square Foot: $2,648
- Transaction Date: April 17, 2023
The buyer of the property is Hamid Zerehi, while the seller is Farzad Nourai. Arian Zerehi, representing the buyer, acted as the broker in this transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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