Henley Enterprises Acquires Retail Property In Costa Mesa For $3.1M
400 East 17th Street, Los Angeles, CA 90015
$3,100,000
$3,456/SF
Building Size
897 SF
Asset Type
Retail
Closing
Sep 1, 2021
AI
The retail property located at 400 East 17th St. in Costa Mesa has been sold for $3,100,000. The transaction took place on 09/01/2021. The property spans an area of 897 square feet, resulting in a price per square foot of $3,454. The buyer of the property is Henley Enterprises.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Square Footage: 897
- Price per Square Foot: $3,454
- Address: 400 East 17th St., Costa Mesa
- Date: 09/01/2021
The deal was facilitated by Michael Walseth of Kidder Mathews, who represented the buyer Henley Enterprises. His brokerage agency played a crucial role in the successful completion of this transaction.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93