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4520 Sunset Boulevard, Los ...

Children's Hospital Los Angeles Acquires Supermarket In Los Feliz, LA For $90M
SOLDOther

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.

Players

S
SafewaySeller

Los Angeles Other Market Snapshot

Boundary boundary · Other · Sale transactions

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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