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3215 Sepulveda Boulevard, M...

Anna W. Malter Acquires Retail Property On N. Sepulveda Blvd. In South Bay For $6.6M
SOLDRetail

Anna W. Malter Acquires Retail Property On N. Sepulveda Blvd. In South Bay For $6.6M

3215 Sepulveda Boulevard, Manhattan Beach, California 90266, United States

$6,600,000

$1,314/SF

Building Size

5,022 SF

Asset Type

Retail

Closing

Feb 6, 2022

AI

The retail property located at 3215 N. Sepulveda Blvd. in the South Bay market has been sold for a total price of $6,600,000. The property spans across 5,022 square feet, resulting in a price per square foot of $1,314. The sale took place on February 7, 2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,600,000
  • Address: 3215 N. Sepulveda Blvd.
  • Market: South Bay
  • Square footage: 5,022
  • Price per square foot: $1,314

The buyer of the property is Anna W. Malter, while John Kirk acted as the seller. Woody Stahl and Brett Lyon from Lyon Stahl represented the buyer in this transaction. CBRE, represented by Simon Mattox, Austin Wolitarsky, Dan Riley, Bill Durslag, and Kyle Woods, along with Mike McKinne and Nancy Bush from Lyon Stahl, served as the seller's representatives.

Players

Simon Mattox

Kidder Mathews

Broker

$414.9M

vol

20 deals

Broker

John Kirk

Seller

$17.6M

vol

3 deals

Seller

Manhattan 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

2.40%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93