Updated Dec 4, 2024
Blake Megdol Buys Retail Property From Hellen Bellanca In Los Angeles For $4.75M
111 Avenue 26
$4,750,000
$330/SF
Building Size
14,381 SF
Asset Type
Retail
Closing
Feb 15, 2024
About this deal
AI
The property involved in the transaction is a retail asset located at 111 Avenue 26 in Los Angeles. The single tenant building, occupied by Rite Aid, spans 14,381 square feet. The sale price for this asset was $4,750,000, translating to $330 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,750,000
- Date: 02/15/2024
- Buyer: Blake Megdol
- Seller: Hellen Bellanca
- Buyer's Rep: Gabe Kadosh - Colliers International
- Seller's Rep: Gabe Kadosh & Nicole Deflorian - Colliers International
- Market: Los Angeles
In this off-market transaction, Gabe Kadosh and Nicole Deflorian were the representatives for both the buyer and the seller, respectively, in the sale of the retail property.
Players
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93