Gabby Cali Of Cali Capital Secures $2.88M Refinance Loan For 120 West Park Avenue Office
120 West Park Avenue
$2,880,000
$160/SF
Building Size
18,000 SF
Asset Type
Office
Closing
Aug 20, 2025
AI
The property asset involved in this transaction is located at 120 West Park Avenue in Long Beach. This office asset spans 18,000 square feet and consists of 14 units. The loan amount for this transaction is $2,880,000, and it is categorized as a refinance loan with 5-year fixed terms and a 10-year overall term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,880,000
- Asset Size: 18,000 SF
- Units: 14
- Lender: HAB Bank
- Broker: Gabby Cali - Cali Capital
The key individuals involved in the transaction include Gabby Cali representing Cali Capital, who can be contacted for further details regarding financing options at 732-962-3242 or via email at [email protected].
Players
Long Beach Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.51%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93