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10622 W Pico Blvd

Markz Enterprise LLC Acquires Retail Property At 10622 W Pico Blvd For $3.31M
SOLDRetail

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

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:

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.

Players

David Ghermezian

Newmark

Broker

$63M

vol

9 deals

Broker

N/A

Markz Enterprise, LLC

Buyer
Buyer

LOUIS R WOZNICKI

N/A

Seller
Seller

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