Updated Dec 21, 2023
Brandon Michaels & Matthew Luchs Acquire Retail Property On Firestone Boulevard For $2.63M
9435 Firestone Boulevard, Downey, CA, USA
$2,630,000
$130/SF
Building Size
20,200 SF
Asset Type
Retail
Closing
Jan 12, 2021
About this deal
AI
An undisclosed property in Mid City has been sold for a total of $2,630,000. The retail asset, located at 9435 Firestone Boulevard, occupies an area of 20,200 square feet. The transaction took place on January 13, 2021, and the price per square foot was approximately $130.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,630,000
- Address: 9435 Firestone Boulevard
- Market: Mid City
Brandon Michaels and Matthew Luchs, both of whom work at undisclosed brokerages, represented the parties involved in the deal. The identity and affiliations of the buyer, seller, landlord, and tenant remain unknown.
Players
Downey 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
6.03%
Cash-on-Cash
-1.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93