Jackie Siegel Acquires Mixed-Use Property In Los Angeles From TRC Retail For $2.4M
SOLD
$2,400,000
California
See Similar DealsMixed-use16,088 SF
Sold 07/22/2024
SOLD
Jackie Siegel Acquires Mixed-Use Property In Los Angeles From TRC Retail For $2.4M
2634 North Broadway
See Similar DealsMixed-use16,088 SF
Sold 07/22/2024
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$149
Total Square Footage:16,088 SF
Transaction Type:Sale
This mixed-use property located at 2634 North Broadway in the Los Angeles market was sold for $2,400,000. The asset encompasses 16,088 square feet, translating to a price per square foot of $149.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Buyer: Jackie Siegel
- Seller: TRC Retail
- Broker: Matthew Luchs & Brandon Michaels - Marcus & Millichap
- Date of Transaction: 7/21/2024
The transaction was facilitated by brokers Matthew Luchs and Brandon Michaels, who represent Marcus & Millichap, highlighting their involvement in the deal between Jackie Siegel and TRC Retail.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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