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644 Redondo Avenue
Long Beach, CA 90814
Asking Price
$12.00M
Cap Rate
6.13%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 6.13% CAP | $344 Per Square Foot | 34,899 SqFt <ul><li>$344 Per Square Foot</li><li>Established Grocery Anchor with Strong Sales</li><li>Below Market Rents</li><li>34,899 SF neighborhood shopping center in Prime Long Beach</li><li>Smart & Final anchor bolstered by Subway and a Mix of Service + Restaurant Tenants</li><li>Shadow Anchored by Petco Unleashed</li><li>Great visibility location along Redondo Avenue, a primary north-south thoroughfare</li><li>Serves densely populated surrounding residential community</li><li>Grocery anchor
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NOI
$80,000
Cap Rate
0.67%
DSCR
0.11
Underwater
Cash-on-Cash
-17.57%
Monthly Payment
$59,369.453
Annual Cash Flow
$-632,433.431
