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Long Beach, CA, USA

Triss LLC Sells Long Beach Retail Property For $4.4M
SOLDRetail

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

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

Tina LaMonica

NAI Global

Broker

$29.1M

vol

11 deals

Broker

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