Updated Dec 4, 2024
David Ravanshenas Leases Retail Space To Maksym Zhytor At 245 North Vermont Avenue Los Angeles
245 North Vermont Avenue
$1
$1/SF
Building Size
8,800 SF
Asset Type
Retail
Closing
Jun 8, 2024
About this deal
AI
This retail property located at 245 North Vermont Avenue in Los Angeles has a total square footage of 8,800. The asking rent is set at $1.60 per square foot, under a modified gross lease for a term of 60 months.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1.60/ft
- Address: 245 North Vermont Avenue
- Market: Los Angeles
- Landlord: David Ravanshenas
- Tenant: Maksym Zhytor
- Broker: Eric S. Chavez, CCIM - CAREBF Inc. & Brokered By eXp Commercial Realty
Eric S. Chavez, CCIM is a broker representing the lease of this property and assists entrepreneurs in finding opportunities within Los Angeles’ entertainment spaces. He provides a range of services, including commercial real estate, property management, development, and construction services throughout the Greater Los Angeles Area. Eric can be followed on social media at @carebf.exp and @ericsc888.
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93