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10401 Wilshire Boulevard, L...

Clarence E. McClendon Acquires Retail Property In Inglewood For $3.6M
SOLDRetail

Clarence E. McClendon Acquires Retail Property In Inglewood For $3.6M

10401 Wilshire Boulevard, Los Angeles, CA, USA

$3,600,000

$241/SF

Building Size

14,930 SF

Asset Type

Retail

Closing

May 24, 2020

AI

Located at 10401 Wilshire Blvd in Inglewood, this retail property recently changed hands in a sale transaction. The asset spans approximately 14,930 square feet and was sold at a price of $3,600,000, resulting in a price per square foot of $241. The transaction took place on May 24, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Address: 10401 Wilshire Blvd
  • Market: Inglewood

The buyer in this transaction was Clarence E. McClendon, represented by Ingrid Farias-Eisner & Laura Alice Scaturro of an undisclosed agency. The seller was Allrise Capital. Ingrid Farias-Eisner & Laura Alice Scaturro also acted as the brokers in the deal.

Players

Ingrid Farias- Eisner

Marcus & Millichap

Broker

$11.5M

vol

4 deals

Broker

Clarence E. McClendon

Buyer

$7.2M

vol

2 deals

Buyer
AC
Allrise CapitalSeller

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93