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.
On the Map
$4,750,000
$330/SF
Retail
View full map
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Gabe Kadosh to view all their deals.
Browse Los Angeles retail sales on Traded.
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