Triss LLC Sells Long Beach Retail Property For $4.4M
SOLD
$4,400,000
California
See Similar DealsRetail25,148 SF
Sold 09/10/2021
SOLD
Triss LLC Sells Long Beach Retail Property For $4.4M
Long Beach, CA, USA
See Similar DealsRetail25,148 SF
Sold 09/10/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$175
Total Square Footage:25,148 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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