Updated Feb 20, 2025
Markz Enterprise LLC Acquires Retail Property At 10622 W Pico Blvd For $3.31M
10622 W Pico Blvd
$3,312,500
$700/SF
Building Size
4,728 SF
Asset Type
Retail
Closing
Nov 18, 2021
About this deal
AI
The property asset at 10622 W Pico Blvd in Los Angeles is a retail space with a sale price of $3,312,500.00. The property spans a total area of 4,728 square feet, contributing to its market value within the thriving retail sector of Los Angeles.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,312,500.00
- Sale Date: 11/18/2021
- Broker Representatives: Jordan Rubinstein - Century Park Realty, David Ghermezian - Newmark
- Buyer: Markz Enterprise, LLC
- Seller: LOUIS R WOZNICKI
The deal involved key brokers Jordan Rubinstein representing Century Park Realty and David Ghermezian from Newmark, who facilitated the transaction. The buyer for the retail property was Markz Enterprise, LLC, while the seller was LOUIS R WOZNICKI, whose representation details are not available.
On the Map
$3,312,500
$700/SF
Retail
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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
4.79%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93