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245 North Vermont Avenue

David Ravanshenas Leases Retail Space To Maksym Zhytor At 245 North Vermont Avenue Los Angeles
LEASEDRetail

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

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.

Players

Eric S. Chavez, CCIM
Verified Badge

Eric S. Chavez, CCIM

CAREBf, Inc.

Broker

$39M

vol

12 deals

Broker

Los Angeles Retail Market Snapshot

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