Updated Oct 25, 2024
Hamid Zerehi Acquires Retail Property In Harbor City For $5.2M
26393 South Vermont Avenue
$5,200,000
$2,647/SF
Building Size
1,964 SF
Asset Type
Retail
Closing
Apr 17, 2023
About this deal
AI
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.
Players
Market 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93