13206 Paramount boulevard
SOUTH GATE, ca 90280
SALE PRICE: $1,225,000
Daniel Hirth is pleased to announce another successful closing! 13206 Paramount Boulevard in South Gate, CA, has been sold as part of a four-building portfolio. This mixed-use retail apartment building, boasting two storefronts and six apartments, became the focal point of a strategic deal orchestrated by The Hirth Group. The property's key financial metrics underscore its attractiveness, with an initial Cap Rate of 6.2%, 9.3 GRM, and a price of $201 per square foot.
The Hirth Group, acting as the intermediary, played a pivotal role in facilitating the transaction, representing both the buyer and the seller. The sale not only reflects the successful divestment of this specific property but also signifies the culmination of a broader portfolio disposition strategy. In navigating the complexities of the market, The Hirth Group's adept negotiation skills led to the selection of a buyer with a streamlined due diligence process and a commitment to a swift closing. This results showcase The Hirth Group's ability to generate multiple offers, strategically select the right buyer, and execute a seamless transaction, thereby achieving the objectives of both the sellers and the buyers involved in this noteworthy real estate transaction.
This culminates the successful completion of a strategy involving a 4-building portfolio, each closing with its own distinct buyer.