Updated Sep 5, 2024
DLO Realty Group Acquires Retail Property In Inglewood For $5.1M
801 East Manchester Boulevard Inglewood, California 90301, USA
$5,100,000
$5,059/SF
Building Size
1,008 SF
Asset Type
Retail
Closing
Jun 12, 2023
About this deal
AI
SRS Real Estate Partners' National Net Lease Group has achieved a record-breaking sale of a Starbucks-occupied property in Inglewood, California, for $5.1 million. The property, located at 801 East Manchester Boulevard, is a retail asset with a total size of 0.4 acres.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,100,000
- Address: 801 East Manchester Boulevard
- Market: Inglewood
- Size: 0.4 acres
The buyer's representatives in this transaction were David Oberg and Zach Ordin from DLO Realty Group, while the seller's representatives were Brian Wolfman and Zach Leffers from SRS Real Estate Partners.
The property was sold for a price per square foot of $5,060, reflecting the strong investor interest attracted by its prime location and long-term lease structure.
Players
Inglewood 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93