Gregory Hughes Purchases Veterinary Hospital From Hollis Elliot For $1,100,000 In Los Angeles
548 West East Avenue
$1,100,000
$266/SF
Building Size
4,135 SF
Asset Type
Office
Closing
Jun 19, 2026
AI
The property asset involved in the transaction is a veterinary hospital located at 548 West East Avenue in Los Angeles. The sale price was $1,100,000, encompassing a total square footage of 4,135, which translates to a price per square foot of $266.
Summary of transaction details:
- Property Type: Veterinary Hospital
- Transaction Amount: $1,100,000
- Address: 548 West East Avenue
- Market: Los Angeles
- Square Footage: 4,135
- Price per Square Foot: $266
- Buyer: Gregory Hughes
- Seller: Hollis Elliot
- Broker: Daniel Solomon - Kidder Mathews
Daniel Solomon successfully facilitated this transaction, representing both the Seller, Hollis Elliot, and the Buyer, Gregory Hughes. He is recognized as a leading figure in veterinary real estate, exemplified by his track record, which includes the recent sale of the Chico Hospital for Cats in Chico, California. His expertise led the Seller to select him based on his specialization in this sector.
Players
Chico Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93