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5810-5820 imperial highway
south gate, ca 90280
just sold!
SALE PRICE: $2,714,888
Joseph Dahan, Elijah Suval, and Daniel Hirth of the Hirth Group are pleased to announce the successful closing of 5810 Imperial Highway, South Gate CA – a multi-tenant retail shopping center with six storefronts. The seller’s motivation to sell this asset was to capitalize on the current real estate cycle and to then do a tax deferred 1031 exchange into a less management intensive asset with a higher yield. Within just two weeks of marketing, we were able to procure multiple offers on the subject property. Ultimately, a 1031 exchange buyer emerged and the Hirth Group successfully negotiated a sales price above ask with great terms for the sellers.
THE TEAM
Daniel Hirth
Managing Director
Elijah Suval
Senior Investment Associate
Joseph Dahan
Investment Associate
The sale
Seller Represented by The Hirth Group
Multiple Offers Within 2-Weeks of Marketing
Closed Above List Price
Over $300 Per SF of Building
Cap Rate: Current 4.5% / Pro Forma 6.0%
Fully Occupied Retail Shopping Center
Prime South Gate Retail Corridor
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