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
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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