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400 East 17th Street, Los A...

Henley Enterprises Acquires Retail Property In Costa Mesa For $3.1M
SOLDRetail

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

Michael Walseth

Kidder Mathews

Broker

$14.7M

vol

2 deals

Broker

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