Jonathan Jason Acquires Retail Property In Torrance, CA For $5.5M
SOLD
$5,500,000
California
See Similar DealsRetail1,670 SF
Sold 10/17/2022
SOLD
Jonathan Jason Acquires Retail Property In Torrance, CA For $5.5M
4205 Pacific Coast Highway
See Similar DealsRetail1,670 SF
Sold 10/17/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$3,293
Total Square Footage:1,670 SF
Transaction Type:Sale
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™.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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