Los Robles Office Partners Acquires West LA Retail Condo For $13.05M
SOLD
$13,050,000
California
See Similar DealsRetail10,833 SF
Sold 06/12/2019
SOLD
Los Robles Office Partners Acquires West LA Retail Condo For $13.05M
11223 National Boulevard, West Los Angeles, Los Angeles, CA, USA
See Similar DealsRetail10,833 SF
Sold 06/12/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,204
Total Square Footage:10,833 SF
Transaction Type:Sale
The retail condo located at 11201-11223 National Blvd in West LA has been sold for a total price of $13,050,000. The property spans across 10,833 square feet, resulting in a price per square foot of $1,204.65.
Summary of Transaction Details
- Property Type: Retail Condo
- Transaction Amount: $13,050,000
- Address: 11201-11223 National Blvd, West LA
- Market: West LA
- Square Footage: 10,833
- Price Per Square Foot: $1,204.65
The buyer of the property is Los Robles Office Partners, LLC, while the seller is Cal Asia Global 11201-11223 National Blvd., LLC. The deal was facilitated by T.C. Macker and Jennifer Moscoso from Westmac Commercial Brokerage Company, along with Geoff Grossman from CBM (Centers Business Management).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$696,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,363.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,863.66
Annual Debt Service$742,363.89
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