Clarence E. McClendon Acquires Retail Property In Inglewood For $3.6M
SOLD
$3,600,000
California
See Similar DealsRetail14,930 SF
Sold 05/24/2020
SOLD
Clarence E. McClendon Acquires Retail Property In Inglewood For $3.6M
10401 Wilshire Boulevard, Los Angeles, CA, USA
See Similar DealsRetail14,930 SF
Sold 05/24/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$241
Total Square Footage:14,930 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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