Marcus & Millichap Sells Santa Fe Ave Retail Property In South Gate For $2.8M With Derek Caldwell Representing The Deal
8700 Santa Fe Ave, South Gate, CA 90280, USA
$2,800,000
$132/SF
Building Size
21,161 SF
Asset Type
Retail
Closing
Oct 4, 2020
AI
A retail property in South Gate has been sold for a price of $2,800,000. The property, located at 8700-8730 Santa Fe Ave, spans 21,161 square feet. The sale was facilitated by Derek Caldwell from Marcus & Millichap. The transaction was completed on October 5, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Square Footage: 21,161
- Price per Square Foot: $132
- Market: South Gate
Derek Caldwell, a representative from Marcus & Millichap, played a crucial role in the transaction.
Players
South Gate 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93