Updated Dec 18, 2023
Gilberto Figueroa Acquires Retail Condo In South Gate For $1.03M
3310 Tweedy Boulevard, South Gate, CA 90280, USA
$1,026,000
$380/SF
Building Size
2,700 SF
Asset Type
Retail
Closing
Dec 18, 2019
About this deal
AI
The retail condo located at 3310 Tweedy Boulevard in South Gate was recently sold in a closed transaction. The property consists of a ±2,700 square foot building situated on a ±11,605 square foot lot. The sale took place on December 19, 2019, with a selling price of $1,026,000. This translates to a price per square foot of $380. The transaction involved buyer Gilberto Figueroa and seller Piam Amoun. The deal was facilitated by Daniel Hirth from the Hirth Group.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $1,026,000
- Address: 3310 Tweedy Boulevard, South Gate
- Market: South Gate
- Size: 2,700 square feet
- Price per Square Foot: $380
- Buyer: Gilberto Figueroa
- Seller: Piam Amoun
- Broker: Daniel Hirth - Hirth Group
The buyer, Gilberto Figueroa, plans to utilize the property for his business operations. This single tenant retail building comes with approximately 17 marked parking spaces and is ideally situated in the prime Tweedy Mile area.
Players
South Gate Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $380 per square foot on a published $1M for 2,700 square feet (2019).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.46%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93