Markz Enterprise LLC Acquires Retail Property At 10622 W Pico Blvd For $3.31M
SOLD
$3,312,500
California
See Similar DealsRetail4,728 SF
Sold 11/18/2021
SOLD
Markz Enterprise LLC Acquires Retail Property At 10622 W Pico Blvd For $3.31M
10622 W Pico Blvd
See Similar DealsRetail4,728 SF
Sold 11/18/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$700
Total Square Footage:4,728 SF
Lot Square Footage:5483 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$176,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,768.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,702.94
Annual Debt Service$188,435.28
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