Updated Dec 4, 2024
Sterling Organization Acquires 32.82 Acre Retail Property In Lynwood For $164.6M
3100 Imperial Highway, Lynwood, California 90262, United States
$164,630,000
$408/SF
Building Size
403,242 SF
Asset Type
Retail
Closing
Jul 4, 2022
About this deal
AI
The retail property located at 3100 E Imperial Hwy in Lynwood has been sold for a price of $164,630,000. The property is spread across 32.82 acres and has a total area of 403,242 square feet. The sale took place on July 5, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $164,630,000
- Address: 3100 E Imperial Hwy
- Market: Lynwood
- Property Size: 32.82 acres
The buyer of the property is Sterling Organization, represented by Brian Kosoy and Jordan Fried. The deal was facilitated by brokers Michael Torkin, Zachary Weiner, and Krista Miniutti from Simpson Thacher, along with Geoff Tranchina from JLL.
On the Map
$164,630,000
$408/SF
Retail
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Players
Lynwood 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93