Updated Dec 19, 2023
Bell Retail Property Sells For $798,000 On Gage Ave With Brandon Michaels & Matthew Luchs Brokering
5147 Gage Avenue, Bell, CA, USA
$798,000
$285/SF
Building Size
2,800 SF
Asset Type
Retail
Closing
Jan 28, 2021
About this deal
AI
The retail property located at 5147 Gage Ave in Bell was recently sold for $798,000. With a total area of 2,800 square feet, the property was valued at $285 per square foot. The sale took place on January 29, 2021, and was facilitated by brokers Brandon Michaels from @BrandonMichaelsGroup and Matthew Luchs from @MatthewLuchs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $798,000
- Address: 5147 Gage Ave, Bell
- Market: Bell
- Square footage: 2,800
- Price per square foot: $285
This successful sale transaction was made possible through the professional representation of brokers Brandon Michaels from @BrandonMichaelsGroup and Matthew Luchs from @MatthewLuchs. Their expertise ensured a smooth and efficient deal for all parties involved.
Players
Bell Gardens 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
19.88%
Cash-on-Cash
-5.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93