Updated Sep 5, 2024
The Bacon Guys And La Gondola Acquire Restaurant In Beverlywood, Los Angeles
8826 West Pico Boulevard
$3
$3/SF
Building Size
3,200 SF
Asset Type
Retail
Closing
Sep 15, 2022
About this deal
AI
The Bacon Guys and La Gondola have signed a lease for a restaurant space located at 8826 W Pico Blvd in the Beverlywood neighborhood of Los Angeles. The property, measuring 3,200 square feet, was leased from landlord David Hecht. The lease transaction was facilitated by broker Sam Shakerchi from Compass. The asking rent for the space was $3.50 per square foot.
Summary of transaction details
- Property Type: Restaurant
- Transaction Amount: Not applicable
- Address: 8826 W Pico Blvd, Beverlywood, Los Angeles
- Market: Beverlywood, Los Angeles
- Landlord: David Hecht
- Tenants: The Bacon Guys, La Gondola
- Brokers: Sam Shakerchi - Compass
- Asking Rent: $3.50 per square foot, for a total of $11,200 per month.
This lease deal was a collaboration between two tenants, The Bacon Guys and La Gondola, who will be operating the restaurant at the leased space. The landlord, David Hecht, worked with broker Sam Shakerchi from Compass to facilitate the transaction. The lease was signed for the 3,200 square feet property located at 8826 W Pico Blvd in Beverlywood, Los Angeles.
On the Map
$3
$3/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5287666.67%
Cash-on-Cash
-1511231.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93