Updated Oct 28, 2024
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
About this deal
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