Updated Dec 19, 2023
Sophia Juang Acquires Retail Property In Long Beach For $5.02M
6600 Atlantic Avenue, Long Beach, CA, USA
$5,018,000
$1,253/SF
Building Size
4,004 SF
Asset Type
Retail
Closing
Sep 1, 2021
About this deal
AI
Located at 6600 Atlantic Ave in Long Beach, this retail property was recently sold in a closed transaction. The sale was facilitated by broker Edward Weng and involved a total of 4,004 square feet. The property was purchased by Sophia Juang from seller Michael Brennet for a sale price of $5,018,000. With a price per square foot of $1,253, this transaction highlights the value of this retail asset in the Long Beach market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,018,000
- Address: 6600 Atlantic Ave
- Market: Long Beach
Sophia Juang acted as the buyer in this transaction, while Michael Brennet served as the seller. Broker Edward Weng represented both parties throughout the deal. This successful transaction showcases the expertise and negotiation skills of the involved individuals and highlights the demand for retail properties in Long Beach.
Players
Long Beach 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
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93