Maurice Refoua Acquires Retail Property In Hawthorne For $5.5M
14125-14141 Crenshaw Blvd
$5,500,000
$244/SF
Building Size
22,502 SF
Asset Type
Retail
Closing
Mar 30, 2023
AI
The retail property located at 14125-14141 Crenshaw Blvd in Hawthorne has been sold for a total price of $5,500,000. The property spans over 22,502 square feet, resulting in a price per square foot of approximately $244. The transaction took place on March 30, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 14125-14141 Crenshaw Blvd, Hawthorne
- Market: Hawthorne
- Square Footage: 22,502
- Price Per Square Foot: $244
The buyer of the property was Maurice Refoua, while James Sullivan acted as the seller. The transaction was facilitated by the Seymour Weinberger Group, represented by Chris Chasin from Keller Williams and Morgan McMullin from Partners CRE.
Players
Market 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93