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Sophia Juang Acquires Retail Property In Long Beach For $5.02M

Property Image
SOLD
$5,018,000

California

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Retail4,004 SF
Sold 09/01/2021
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Property Image
SOLD

Sophia Juang Acquires Retail Property In Long Beach For $5.02M

6600 Atlantic Avenue, Long Beach, CA, USA

See Similar Deals
Retail4,004 SF
Sold 09/01/2021
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,253
Total Square Footage:4,004 SF
Transaction Type:Sale

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

Edward Weng
Edward Weng
2 deals$9M volume
BROKER

Details

SOLD
IMAGE: Edward Weng DATE: 09/01/2021 ADDRESS: 6600 Atlantic Ave. MARKET: Long Beach ASSET TYPE: Retail BUYER: Sophia Juang SELLER: Michael Brennet BROKER: Edward Weng SALE PRICE: $5,018,000 SF: 4,004 ~ PPSF: $1,253

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,827.89
Cash-on-Cash Return-1.27%
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