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
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