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
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