Updated Sep 9, 2024
Athanasios Kotrotsos Acquires Retail Fast Food Property In Long Beach For $2.189M
3490 E Artesia Blvd, Long Beach, CA, USA
$2,189,000
$2,578/SF
Building Size
849 SF
Asset Type
Retail
Closing
Mar 9, 2021
About this deal
AI
The retail fast food property located at 3490 E. Artesia Blvd. in Long Beach has been sold for a price of $2,189,000. The property spans a total of 849 square feet, resulting in a price per square foot of $2,578. The transaction took place on 03/10/2021.
Summary of transaction details
- Property Type: Retail Fast Food
- Transaction Amount: $2,189,000
- Address: 3490 E. Artesia Blvd., Long Beach
- Market: Long Beach
Athanasios Kotrotsos was the buyer in this transaction, while Samuel Wexler was the seller. Blas Fernandez, representing the buyer, and Dieter Von Puschendorf, serving as the seller's representative, facilitated the deal.
Players
Long 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
7.25%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93