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10844 West Washington Boule...

Josetta Sbeglia Acquires Retail Property In Culver City For $4.45M
SOLDRetail

Josetta Sbeglia Acquires Retail Property In Culver City For $4.45M

10844 West Washington Boulevard, Culver City, California 90232, United States

$4,450,000

$626/SF

Building Size

7,100 SF

Asset Type

Retail

Closing

May 19, 2022

AI

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.

Players

Greg Eckhardt

PAR Commercial Brokerage

Broker

$21.5M

vol

3 deals

Broker

Josetta Sbeglia

Buyer

$15.8M

vol

2 deals

Buyer

Culver City 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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93