Recently Sold — Ally Commercial Real Estate

6148 N 7th St, Phoenix, AZ 85014

Purchase Price: $2,215,000
Asset Type: Single Tenant Net Lease (NNN)
CAP RATE: 8.5%
YEARS LEFT ON LEASE: 11+
Ally Team Member(s): Eric Mandell
Ally Commercial Real Estate is pleased to announce that Dogtopia of uptown Phoenix Arizona was recently sold through Eric Mandell. It is a great single net leased asset with strong reported sales from the operator located on a very busy retail corridor. The Buyer conducted a 1031 exchange through Eric Mandell of Ally Commercial Real Estate and was able to sell a building at a 4.35% CAP rate and achieve a CAP rate of 8.5% on the purchase nearly doubling their current net cash flow.

247 N Lake Ave, Pasadena, CA 91101

Purchase Price: $2,500,000
Building Sq Ft: 6,442 Sq Ft.
Price Per Sq Ft: $388
Asset Type: Retail
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, and Jeff Ahn
Ally Commercial Real Estate is pleased to announce that 248 N Lake Avenue was recently sold through Eric Mandell, Jeffrey Ahn and Luc Hawkshaw. It is a very well located retail asset with near the Lake Exit of the 210 Freeway. The Buyer is a long valued client of Eric Mandell and was simply adding to his already established Pasadena portfolio.

8440 Sunland blvd, Sunvalley, CA 91352

Purchase Price: $7,930,000
Building Sq Ft: 28,520 Sq Ft.
Price Per Sq Ft: $278
Asset Type: Retail Strip Center
Ally Team Member(s): Mark Reynolds
Ally Commercial Real Estate is pleased to announce that 8440 Sunland Blvd was recently sold through Mark Reynolds. It is a very well located retail strip center with tons of upside in the low current rents. The Seller came to Mark in an effort to complete the sale with the goal of dissolving a partnership and conducting a 1031 Exchange for individual partners. Mark was able to achieve over asking price with 9 offers generated in the first 2 weeks. Only 36 days on the active market!

2261 E Willow St, Signal Hill, CA 90755

Purchase Price: $6,750,000
Building Sq Ft: 18,486 Sq Ft.
Price Per Sq Ft: $365
Asset Type: Retail
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, Jeff Ahn, & Kelly Hawkshaw
Ally Commercial Real Estate is pleased to announce that 2261 E Willow St, was recently sold through Eric Mandell, Luc Hawkshaw, Jeffrey Ahn, and Kelly Hawkshaw. It is a great retail corner with an amazing array of tenants.

1532-1552 W Court St, Los Angeles, CA 90026

Purchase Price: $2,700,000
Asset Type: Development Site
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, Chris Kim, & Rick Ramirez
Ally Commercial Real Estate is pleased to announce that 2261 E Willow St, was recently sold through Eric Mandell, Luc Hawkshaw, Chris Kim, and Rick Ramirez. Plans are for an 189-unit affordable housing project.

749 E Goodman Rd West, Horn Lake, MS 38637

Purchase Price: $2,750,000
Asset Type: Single Tenant Net Lease (NNN)
Ally Team Member(s): Eric Mandell
Ally Commercial Real Estate is pleased to announce that 749 E Goodman Rd West was recently sold through Eric Mandell. The Seller is a long valued client of Eric Mandell who originally sold an apartment building through Eric and conducted a 1031 Exchange into Hardees for $1,950,000 in 2022. The Buyer owns a chain of restaurants, bought out the existing Tenant and plans to open their own business within the location, which is a testament to the location itself. The Seller was able to then conduct another 1031 exchange through Eric Mandell and Ally Commercial into another net leased asset on a long term lease in Phoenix, Arizona producing more than 1.5x the amount of NOI this asset was producing.

6201 Bristol Pkwy, Culver City, CA 90230

Purchase Price: $48,500,000
Lot Size: 7.05 Acres
Asset Type: Retail
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, Mark Reynolds & Gabe Wilson
Ally Commercial Real Estate is pleased to announce 6201-6229 Bristol Pkwy, was recently sold through Eric Mandell, Luc Hawkshaw, Mark Reynolds, and Gabe Wilson. The transaction boasted a swift close within just 30 days and was non-contingent upon signature. The property itself is an impressive 7.05-acre development site.

15242 Gresham St, North Hills, CA 91343

Purchase Price: $1,100,000
Building Sq Ft: 3,348 Sq Ft.
Price Per Sq Ft: $329.62
Units: 4
Price Per Unit: $275,000
Asset Type: Multi-Family
Ally Team Member(s): Rick Ramirez, Chris Kim & Johnny Cruz
Ally Commercial Real Estate is pleased to announce 15242 Gresham St, was recently sold through Rick Ramirez, Chris Kim, and Johnny Cruz.

1443 E Maple St, Glendale, CA 91205

Purchase Price: $1,760,000
Building Sq Ft: 3,145 Sq Ft.
Price Per Sq Ft: $559.62
Units: 6
Price Per Unit: $293,333
Asset Type: Multi-Family
Ally Team Member(s): Rick Ramirez & Chris Kim
Ally Commercial Real Estate is pleased to announce 15242 Gresham St, was recently sold through Rick Ramirez and Chris Kim.

1243 Torrence Ave, Calumet City, IL 60409

Purchase Price: $3,850,000
Building Sq Ft: 9,014 Sq Ft.
Price Per Sq Ft: $427
Asset Type: Retail
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, Jeff Ahn, & Kelly Hawkshaw

39 N. Sierra Bonita Ave, Pasadena, CA 91306

Purchase Price: $1,730,000
Building Sq Ft: 4,065 Sq Ft.
Price Per Sq Ft: $425.28
Units: 6
Price Per Unit: $288,333
Asset Type: Multi-Family
Ally Team Member(s): Rick Ramirez & Chris Kim

1554 S Sepulveda Blvd, Los angeles, CA 90025

Purchase Price: $10,000,000
Building Sq Ft: 16,074 Sq Ft.
Price Per Sq Ft: $622
Asset Type: Office
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, Mark Reynolds

2681 South K St, Tulare, CA 93274

Purchase Price: $3,850,000
Land Sq Ft: 210,394 Sq Ft.
Price Per Sq Ft: $18
Asset Type: Industrial
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, & Gabe Wilson
Ally is pleased to assist in the sale of this huge chunk of industrial land. Ally represented the above with minimal contingencies.

2159 La Canada Crest Dr, La Canada Flintridge, CA 91011

Purchase Price: $2,385,000
Building Sq Ft: 4,682 Sq Ft.
Price Per Sq Ft: $509.40
Units: 5
Price/Unit: $477,000
Asset Type: Multi-Family
Ally Team Member(s): Rick Ramirez & Chris Kim
Ally Commercial Real Estate is pleased to announce that 2159 La Canada Crest Drive, was recently listed through Eric Mandell, Rick Ramirez & Chris Kim. This 5-unit apartment building is located in the desirable La Canada Flintridge region. With a shortage of apartments, great schools, and a strong job market, this opportunity is unparalleled for investors who want to own in an esteemed city. All units have two bedrooms and one full bathroom, while two of the units include an additional half bath. Other features include updated appliances, hardwood floors, and large patios with picturesque hillside views.

330 W State Blvd, Fort Wayne, IN 46808

Purchase Price: $5,100,000
Building Sq Ft: 14,392 Sq Ft.
Price Per Sq Ft: $354
Asset Type: Retail
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, Jeff Ahn, & Jonny Elkouby
The Net Leased Team was able to assist the seller of the Walgreens.

17739 Kingsbury St, Granada Hills, CA 91344

Purchase Price: $1,360,000
Building Sq Ft: 3,098 Sq Ft.
Price Per Sq Ft: $438
Units: 4
Price/Unit: $340,000
Asset Type: Multi-Family
Ally Team Member(s): Rick Ramirez
Ally's Multifamily Division was pleased to assist in the facilitation of its first 1033 exchange into this charming 4-unit apartment complex located in Granada Hills of the San Fernando Valley. Ally represented the Buyer and closed the above list with minimal contingencies.

8214 Norton Ave, West Hollywood, CA 90046

Purchase Price: $3,200,000
Building Sq Ft: 4,176 Sq Ft.
Price Per Sq Ft: $766
Units: 5
Price/Unit: $640,000
Asset Type: Multi-Family
Ally Team Member(s): Eric Mandell, Mark Reynolds, and Gabe Wilson
Date Sold: April 15, 2022
Ally's Industrial Division was pleased to assist in the Transaction of this 5-unit apartment complex in West Hollywood of Los Angeles. This sale is a record-setting price per unit for Multi-Family buildings in West Hollywood built before 1985. Ally represented the buyer and closed with minimal contingencies within 3 weeks.

810 E. Pico Blvd, Los Angeles, CA 90021

$11,000,000
65% LTV
3 years interest only
No prepayment penalty
Lender: Credit Union
Ally's Loan Servicing Division was pleased to assist in the financing of this Industrial/Retail located in the Fashion District of Los Angeles. Trevor was able to get 3 years interest only, 65% LTV and no prepayment penalty through Credit Union. Reach out to us today in regards to financing your next deal!

7905 Front Beach Rd, Panama City Beach, FL 32407

Guthrie’s
Purchase Price: $1,600,000
Building Sq Ft: 2,083 Sq Ft.
Price Per Sq Ft: $768
Net Operating Income: $110,400
CAP RATE: 6.90%
Tenant: Guthrie’s
Ally Team Member(s): Eric Mandell, Rick Ramirez, Luc Hawkshaw, and Chris Kim
Ally Commercial Real Estate was able to facilitate this transaction for the Buyer as a part of a 1031 exchange from a 9 Unit apartment Building in Los Angeles. This Single Tenant Net Leased property provides a 14-year lease with minimal landlord responsibilities, a seasoned operator, and increases built into the period. Our client was able to nearly double their cash flow from their previous investment and is looking to acquire more NNN lease properties as a result. Please feel free to give us a call if you would be interested in receiving an evaluation and offer or a 1031 Exchange analysis to see if the numbers makes sense for you!

514-570 N. Madison, Pasadena, CA 91101

Purchase Price: $8,400,000
Building Sq Ft: 19,506 Sq Ft.
Price Per Sq Ft: $430
Units: 25
Price/Unit: $336,000
Asset Type: Multi-Family
Ally Team Member(s): Eric Mandell, Rick Ramirez, Luc Hawkshaw, and Chris Kim
Date Sold: April 15, 2022
Ally's Multifamily Division was pleased to assist in the facilitation of this 25-unit Multi-Family located in Pasadena. Ally represented the above with minimal contingencies.

1426 Maple Ave, Los Angeles, CA 90015

Purchase Price: $11,250,000
Building Sq Ft: 31,355 Sq. Ft.
Price Per Sq Ft: $358.79
CAP RATE: 3.58%
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn
Date Sold: May 5, 2022
Ally's Urban Core Division was pleased to assist in the facilitation of these 5 industrial buildings/warehouses located at the borders of South Park and The Art District of Los Angeles. Ally represented the above with minimal contingencies.

148 S Hayworth Ave, Los Angeles, CA 90048

Purchase Price: $3,355,000
Building Sq Ft: 7,449 Sq Ft.
Price Per Sq Ft: $450
Units: 9
Price/Unit: $372,777
Asset Type: Multi-Family
Ally Team Member(s): Eric Mandell, Rick Ramirez, and Chris Kim
Date Sold: January 14, 2022
Ally's Multifamily Division was pleased to assist in the facilitation of this charming apartment complex located in Los Angeles. Ally represented the above with minimal contingencies.

19734-19736 Dearborn St, Chatsworth, CA 91311

Rent: $1.10/ft. - 29,200
Term: 5 years
Options: 1 (5-year)
Asset Type: Industrial
Market: Chatsworth
Ally team member(s): Eric Mandell, Rick Ramirez, and Luc Hawkshaw
"Ally Commercial Real Estate was able to ease the stress of finding the perfect space for my business. Their professionalism and knowledge was present throughout the deal. I look forward to doing more business with them in the future!" -CDG Concepts Inc. (New Tenant)

749 W Goodman Rd
Horn Lake, MS 38637

Hardeee’s
Purchase Price: $1,950,000
Building Sq Ft: 5,916 Sq Ft.
Price Per Sq Ft: $329
Net Operating Income: $110,000
CAP RATE: 5.64%
Tenant: Hardee’s
Ally Team Member(s): Eric Mandell, Rick Ramirez, and Chris Kim
Date Sold: February 24, 2022
Ally Commercial Real Estate was able to facilitate this transaction for the Buyer as a part of a 1031 exchange from a 9 Unit apartment Building in Los Angeles. This Single Tenant Net Leased property provides a 20-year lease with zero landlord responsibilities, a seasoned operator, and increases throughout the initial lease and option period. Our client was able to nearly double their cash flow from their previous investment and is looking to acquire more NNN lease properties as a result. Please feel free to give us a call if you would be interested in receiving an evaluation and offer or a 1031 Exchange analysis to see if the numbers makes sense for you!

4241 Marconi Ave. Sacramento, CA 95821

NNN Rite Aid
Purchase Price: $10,125,000
Building Sq Ft: 17,272 Sq Ft.
Price Per Sq Ft: $586
Net Operating Income: $670,275
CAP RATE: 6.62%
Tenant: Rite Aid w/ 9+ Years left on the lease.
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn (Net Leased Team)
Date Sold: October 1, 2021
The Net Leased Team was able to help their client 1031 exchange into this property as well as two other NET leased properties (A Rite Aid and 7-11) with leveraged financing and was able to achieve a going annual cash-on-cash return of 10.3%. With increases built into the lease structures, our client will have a COVID-PROOF, stable rate of return as well as protection against inflation.

82451 I-C Highway 111, Indio, CA 92201

NN Rite Aid
Purchase Price: $7,900,000
Building Sq Ft: 17,272 Sq Ft.
Price Per Sq Ft: $457
Net Operating Income: $512,710
CAP RATE: 6.49%
Tenant: Rite Aid w/ 8+ Years left on the lease.
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn (Net Leased Team)
Date Sold: November 3, 2021
The Net Leased Team was able to help their client 1031 exchange into this property as well as two other NET leased properties (A Rite Aid and 7-11) with leveraged financing and was able to achieve a going in annual cash on cash return of 10.3%. With increases built into the lease structures, our client will have a COVID-PROOF, stable rate of return as well as protection against inflation.

2746 Durfee Ave, El Monte, CA 91732

16 Unit Industrial Property
Purchase Price: $4,400,000
Building Sq Ft: 23,320 Sq. Ft.
Lot Sq Ft: 49,645 Sq. Ft.
Price Per Sq Ft: $188
Units: 16
CAP RATE: 4.8%
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn (Net Leased Team)
Date Sold: January 7, 2022
The Net Lease Division was able to connect this opportunity with an active Buyer and facilitate an off-market transaction. Our Company is actively pursuing Single Tenant and Multi-Tenant Industrial properties in the greater Los Angeles and San Gabriel Valley area and currently has a client with significant backing that has a heavy desire to Aquire many more properties this year.

1317 E. Wilson Ave., Glendale CA 91206

Multi-Family
Purchase Price: $2,400,000
Building Sq Ft: 5,298
Price Per Sq Ft: $453
Units: 8
Price Per Door: $300,000
Ally Team Member(s): Rick Ramirez (Multi-Family investment specialist)
Date Sold: June 8, 2021
Rick Ramirez successfully opened escrow within 2 weeks of marketing the property. The Buyer closed ALL CASH, AS-IS with no reductions. Rick and the Multi-Family team are actively pursuing apartment buildings in the greater Los Angeles area and is navigating several exchanges currently at various price points.

16491 Lakeshore Drive., Lake Elsinore, CA 92530

NN Rite Aid
Purchase Price: $8,500,000
Building Sq Ft: 17,272
Price Per Sq Ft: $492
Net Operating Income: $535,500
CAP RATE: 6.3%
Tenant: Rite Aid w/ 8+ Years left on the lease.
Ally Team Member(s): Eric Mandell, Luc Hawkshaw, and Jeffrey Ahn (Net Leased Team)
Date Sold: July 27, 2021
The Net Leased Team was able to help their client Aquire this property for $7,250,000 in August of 2020 as part of a 1031 exchange strategy that involved the initial sale of low cash-flowing NNN Pep Boys in Culver City. For a client, the property is for over a million dollars more than their seller bought it for in August 2020 ($7,250,000). Less than a year later, Ally Commercial Real Estates Net Leased Division was able to market the property and close escrow for approx. $1,250,000 within 75 days of listing the property for sale. The Net Leased Team is actively working with this client to continue to strengthen their NET LEASED portfolio for future sale as an institutional quality product.

5131 Bakman Avenue, North Hollywood, CA

Multi-Family
Purchase Price: $3,195,000
Building Sq Ft: 7,589
Price Per Sq Ft: $421
Units: 12
CAP RATE: 4.2%
Price Per Door: $266,250
Ally Team Member(s): Rick Ramirez (Multi-Family investment specialist)
Date Sold: August 18, 2021
Rick was able to conduct a smooth and successful 1031 exchange for his client who had just recently enlisted Rick’s services for the sale of his 8-unit apartment building in Glendale.