Maurice Refoua Acquires Retail Property In Hawthorne For $5.5M
SOLD
$5,500,000
+ 1
National
See Similar DealsRetail22,502 SF
Sold 03/30/2023
SOLD
Maurice Refoua Acquires Retail Property In Hawthorne For $5.5M
14125-14141 Crenshaw Blvd
See Similar DealsRetail22,502 SF
Sold 03/30/2023
+ 1
Summary
Asset Type:Retail
Price Per Square Foot:$244
Total Square Footage:22,502 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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