Property Location: 2655-89 S. Broadway
Property Description: Auto sales lot with 5,688-sf commercial building, YOC 1895, & 4,117-sf retail building, YOC 1931, masonry construction
Land Size: 31,250 SF
Sales Price: $3.03M, or $97.02 psf (land value)
Reception No.: 2019020140
Closing Date: 2/19
Grantor: JT Broadway (John G. Tumbarello Jr.)
Grantee: Flywheel Yale LLC (Benjamin Hrouda, mgr.)
Financing: $1.5M payable to Solera National Bank; $700,000 payable to Qualfax Inc. of Gardena, CA 90248
Comments: Existing improvements are generating rental income while plans are being made for redevelopment of this site.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.