Partners Capital Inc. Acquires Retail Property On Santa Monica Blvd. In Los Angeles For $5.4M
SOLD
$5,400,000
California
See Similar DealsRetail3,250 SF
Sold 12/14/2021
SOLD
Partners Capital Inc. Acquires Retail Property On Santa Monica Blvd. In Los Angeles For $5.4M
10401 Santa Monica Boulevard, Los Angeles, CA 90025
See Similar DealsRetail3,250 SF
Sold 12/14/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,661
Total Square Footage:3,250 SF
Transaction Type:Sale
The retail property at 10401 Santa Monica Blvd in Los Angeles has been sold for $5,400,000. The asset spans 3,250 square feet and was sold at a price per square foot of $1,661. The sale took place on December 14, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,400,000
- Address: 10401 Santa Monica Blvd
- Market: Los Angeles
- Square Footage: 3,250
- Price per Square Foot: $1,661
The buyer of the property is Partners Capital Inc., represented by Ryan Adjnasian & Mark Blumenthal. The seller is Thelma Levin. The transaction was facilitated by Tim Kuruzar from JLL.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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