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Westwood Retail Property Sells For $13.5M Through Pegasus Investments

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SOLD
$13,500,000

California

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Retail9,852 SF
Sold
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Property Image
SOLD

Westwood Retail Property Sells For $13.5M Through Pegasus Investments

10936 Weyburn Avenue, Westwood, Los Angeles, CA, USA

See Similar Deals
Retail9,852 SF
Sold
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1370
Total Square Footage:9852 SF
Transaction Type:Sale

Located in Westwood, the retail property at 10936 Weyburn Avenue has been sold in a recent transaction. The property spans 9,852 square feet and consists of 10 units. The sale price for this asset was $13,500,000, resulting in a price per square foot of $1,370.28. The buyer paid a price of $1,350,000 per unit.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $13,500,000
  • Date: 10/21/2019
  • Market: Westwood
  • Broker: David B. Chasin - Pegasus Investments

This transaction was facilitated by David B. Chasin from Pegasus Investments. He represented the buyer or seller, acting as their broker in the deal.

Players

David B. Chasin
6 deals$106.1M volume
BROKER

Details

SOLD
IMAGE: David B. Chasin @davidchasin DATE: 10/21/2019 ADDRESS: 10936 Weyburn Avenue MARKET: Westwood ASSET TYPE: Retail BROKER: David B. Chasin - Pegasus Investments @davidchasin PRICE: $13,500,000 SF: 9,852 ~ PPSF: $1,370.28 UNITS: 10 PPU: $1,350,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
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