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Cassiana Marinho Purchases Retail Property In Corona Del Mar For $2.6 Million With Broker Representation

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SOLD
$2,600,000

California

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Retail2,500 SF
Sold 09/17/2024
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Property Image
SOLD

Cassiana Marinho Purchases Retail Property In Corona Del Mar For $2.6 Million With Broker Representation

3838 Pacific Coast Highway

See Similar Deals
Retail2,500 SF
Sold 09/17/2024
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,040
Total Square Footage:2,500 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 3838 Pacific Coast Highway in the Corona del Mar market. The sale price for the property was $2,600,000, with a total square footage of 2,500, resulting in a price per square foot of $1,040.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,600,000
  • Address: 3838 Pacific Coast Highway
  • Market: Corona del Mar
  • Buyer: Cassiana Marinho
  • Seller: Said Shokrian
  • Buyer's Representative: Jared Swedelson - NAI Global
  • Seller's Representative: Nathan Holthouser - Coastal Commercial
  • Lender: Aaron Singer - Bank of America

Key individuals involved in this transaction include Cassiana Marinho, who acted as the buyer, and Said Shokrian, who was the seller. The buyer was represented by Jared Swedelson from NAI Global, while the seller's interests were represented by Nathan Holthouser of Coastal Commercial. The financing for the transaction was facilitated by Aaron Singer from Bank of America.

Players

Nathan Holthouser
9 deals$46.7M volume
BROKER

Jared Swedelson
NAI Global
18 deals$119.2M volume
BROKER

Details

SOLD
IMAGE: Nathan Holthouser & Jared Swedelson DATE: 09/17/2024 ADDRESS: 3838 Pacific Coast Highway MARKET: Corona del Mar ASSET TYPE: Retail BUYER: Cassiana Marinho SELLER: Said Shokrian BUYER'S REP: Jared Swedelson (@JaredSwedelson) - NAI Global (@NAI.Global) SELLER'S REP: Nathan Holthouser (@CoastalCommercial_Cowboy) - Coastal Commercial (@CoastalCommercialAdvisors) LENDER: Aaron Singer - Bank of America SALE PRICE: $2,600,000 SF: 2,500 ~ PPSF: $1,040

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Debt Service Coverage Ratio (DSCR)

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