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5657 Lexington Avenue

Tommy Beadel Purchases Development Site From Tom Simonov For $2.5M With Peter Ciriello & Shane Moses
SOLDDevelopment Site

Tommy Beadel Purchases Development Site From Tom Simonov For $2.5M With Peter Ciriello & Shane Moses

5657 Lexington Avenue & 5655 Lexington Avenue

$2,500,000

$770/SF

Building Size

3,244 SF

Asset Type

Development Site

Closing

Oct 3, 2025

AI

The property involved in this transaction is a development site located at 5657 & 5655 Lexington Avenue in the Los Angeles market. The sale price was $2,500,000, with a total square footage of 1,704 and a price per square foot of $1,467.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,500,000
  • Address: 5657 & 5655 Lexington Avenue
  • Market: Los Angeles
  • Square Footage: 1,704
  • Price Per Square Foot: $1,467
  • Buyer: Tommy Beadel
  • Seller: Tom Simonov
  • Buyer's Representative: Peter Ciriello
  • Seller's Representative: Shane Moses - Moses Commercial

The deal involved Tommy Beadel as the buyer and Tom Simonov as the seller, with representation from Peter Ciriello for the buyer and Shane Moses representing the seller through Moses Commercial.

Players

Peter Ciriello

Broker

$19.3M

vol

4 deals

Broker
MC
Moses CommercialBrokerage

Tommy Beadel

Buyer

$10.6M

vol

4 deals

Buyer

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93