Babak Jebelli Acquires Retail Property In Long Beach For $10.3M
SOLD
$10,265,000
California
See Similar DealsRetail11,339 SF
Sold 04/04/2022
SOLD
Babak Jebelli Acquires Retail Property In Long Beach For $10.3M
4000 Atlantic Avenue, Long Beach, California 90807, United States
See Similar DealsRetail11,339 SF
Sold 04/04/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$905
Total Square Footage:11,339 SF
Transaction Type:Sale
The retail property located at 4000-4040 Atlantic Ave. & 610-612 Carson St. in Long Beach has been sold in a recent transaction. The property spans over 11,339 square feet and is situated in the Long Beach market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,265,000
- Price per Square Foot: $905
- Buyer: Babak Jebelli
- Seller: Mark Bolour
- Brokers: Michael Pakravan & Devon Dykstra - Matthews Real Estate Investment Services
The deal, which was facilitated by Michael Pakravan and Devon Dykstra from Matthews Real Estate Investment Services, involved the sale of the property from Mark Bolour to Babak Jebelli. The transaction took place on April 4, 2022.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$547,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,469.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,661.34
Annual Debt Service$583,936.04
Is there something missing? Send suggestions