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2634 North Broadway

Jackie Siegel Acquires Mixed-Use Property In Los Angeles From TRC Retail For $2.4M
SOLDMixed-use

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:

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

Brandon Michaels

Marcus & Millichap

Broker

$755.4M

vol

139 deals

Broker

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