Updated Nov 9, 2026
Consortium Of Owners Sells 97,319 Square Feet In Lakewood Center For $37.3 Million
4821 Del Amo Boulevard
$37,300,000
$383/SF
Building Size
97,319 SF
Asset Type
Retail
Closing
Nov 2, 2026
About this deal
AI
A consortium of owners sold a 97,319-square-foot retail property located at 4821 Del Amo Boulevard in Lakewood, CA, for $37.3 million. The price per square foot stands at $383, reflecting the market value of the asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $37,300,000
- Square Footage: 97,319
- Address: 4821 Del Amo Boulevard
- Market: Lakewood, CA
- Price Per Square Foot: $383
- Brokers: Don MacLellan, Jeff Conover, Scott DeYoung & Greg Lukosky - Faris Lee Investments
Faris Lee Investments represented the seller in this transaction, which has contributed to a total of $76 million in sales of Lakewood Center properties this year. The property includes prominent tenants such as Burlington, 24 Hour Fitness, and Bank of America.
On the Map
$37,300,000
$383/SF
Retail
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Lakewood 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93