Partners Capital Inc. Acquires Retail Property On Santa Monica Blvd. In Los Angeles For $5.4M
10401 Santa Monica Boulevard, Los Angeles, CA 90025
$5,400,000
$1,661/SF
Building Size
3,250 SF
Asset Type
Retail
Closing
Dec 14, 2021
AI
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
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93