Josetta Sbeglia Acquires Retail Property In Culver City For $4.45M
SOLD
California
See Similar DealsRetail7,100 SF
Sold 05/20/2022
SOLD
Josetta Sbeglia Acquires Retail Property In Culver City For $4.45M
10844 West Washington Boulevard, Culver City, California 90232, United States
See Similar DealsRetail7,100 SF
Sold 05/20/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$626
Total Square Footage:7,100 SF
Transaction Type:Sale
An 7,100 square foot retail property located at 10844 Washington Blvd. in Culver City has been sold for $4,450,000. The property was listed on Instagram by Joe Bolognese, showing the exterior of the retail building.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,450,000
- Date: 05/20/2022
- Address: 10844 Washington Blvd.
- Market: Culver City
- Square Footage: 7,100
- Price per Square Foot: $626
The buyer of the property is Josetta Sbeglia, while the seller is Diane Bloomer. Joe Bolognese, representing Saxum West, acted as the buyer's representative in the deal. Greg Eckhardt, from PAR Commercial Brokerage, served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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