Children's Hospital Los Angeles Acquires Supermarket In Los Feliz, LA For $90M
4520 Sunset Boulevard, Los Angeles, CA, USA
$90,000,000
$2,069/SF
Building Size
43,500 SF
Asset Type
Other
Closing
Sep 24, 2018
AI
The Children's Hospital Los Angeles has acquired a supermarket property located at 4520 Sunset Blvd. in the Los Feliz neighborhood of Los Angeles. The property, previously owned by Safeway, was sold for $90 million. This supermarket spans 43,500 square feet and has a price per square foot of $2,100.
Summary of transation details
- Property Type: Supermarket
- Transaction Amount: $90 million
- Address: 4520 Sunset Blvd.
- Market: Los Feliz, LA
- Price per Square Foot: $2,100
In this transaction, Children's Hospital Los Angeles acted as the buyer, while Safeway was the seller. It is worth noting that Vons, a subsidiary of Safeway, has agreed to a multi-year leaseback of the property and intends to continue operating the store for years to come, according to Children’s Hospital spokesman Lorenzo Benet via email.
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93