Jonathan Jason Acquires Retail Property In Torrance, CA For $5.5M
4205 Pacific Coast Highway
$5,500,000
$3,293/SF
Building Size
1,670 SF
Asset Type
Retail
Closing
Oct 17, 2022
AI
The retail property located at 4205 E Pacific Coast Hwy in Torrance, CA has been sold for a price of $5,500,000. The property spans a total area of 1,670 square feet, resulting in a price per square foot of $3,293.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 4205 E Pacific Coast Hwy, Torrance, CA
- Market: Torrance, CA
The buyer of the property is Jonathan Jason, while the seller is Ahmed Saad. The deal was facilitated by Chandler J. Kelley, who represented both parties as the broker from The Gas Broker™.
Torrance 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93