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10936 Weyburn Avenue, Westw...

Westwood Retail Property Sells For $13.5M Through Pegasus Investments
SOLDRetail

Westwood Retail Property Sells For $13.5M Through Pegasus Investments

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

$13,500,000

$1,370/SF

Building Size

9,852 SF

Asset Type

Retail

Closing

Oct 20, 2019

AI

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

Pegasus Investments Real Estate Advisory

Broker

$106.1M

vol

6 deals

Broker

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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93