Updated Oct 28, 2024
Triss LLC Sells Long Beach Retail Property For $4.4M
Long Beach, CA, USA
$4,400,000
$175/SF
Building Size
25,148 SF
Asset Type
Retail
Closing
Sep 10, 2021
About this deal
AI
The retail property located in Long Beach has been sold for a total of $4,400,000. The property spans 25,148 square feet, resulting in a price per square foot of $175. The transaction took place on September 10, 2021, between the seller, Triss LLC, and the buyers.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,400,000
Tina LaMonica & Cheryl Pestor from NAI Capital Commercial’s Investment Services acted as the brokers in this deal, representing the buyer and the seller. They played a crucial role in facilitating the transaction, ensuring the smooth transfer of ownership of the retail property between the parties involved.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93