Jackie Siegel Acquires Mixed-Use Property In Los Angeles From TRC Retail For $2.4M
2634 North Broadway
$2,400,000
$149/SF
Building Size
16,088 SF
Asset Type
Mixed-use
Closing
Jul 22, 2024
AI
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.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93