Updated Oct 29, 2024
Meishuang Wang And Quianquian Ying Acquire Retail Property In Downtown LA From The Meruelo Group For $12M
1046 South Olive Street, Downtown Anaheim, Anaheim, CA, USA
$12,000,000
$747/SF
Building Size
16,050 SF
Asset Type
Retail
Closing
Mar 13, 2018
About this deal
AI
The retail property located at 1046 S. Olive Street in Los Angeles has been sold for $12,000,000. The property, measuring 16,050 square feet, is situated in the Downtown LA market. The transaction took place on March 14, 2018. The buyer of the property is Meishuang Wang and Quianquian Ying, while the seller is The Meruelo Group - Alex Meruelo. This property was previously sold in 2005 for $3.5 million.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Address: 1046 S. Olive Street, Los Angeles
- Market: Downtown LA
- Buyer: Meishuang Wang and Quianquian Ying
- Seller: The Meruelo Group - Alex Meruelo
This transaction showcases the acquisition of a retail asset in the Downtown LA market. Measuring 16,050 square feet, the property at 1046 S. Olive Street was successfully purchased by Meishuang Wang and Quianquian Ying from The Meruelo Group - Alex Meruelo. The property was last sold in 2005 for $3.5 million.
Players
Anaheim 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93