Updated Oct 29, 2024
Los Robles Office Partners Acquires West LA Retail Condo For $13.05M
11223 National Boulevard, West Los Angeles, Los Angeles, CA, USA
$13,050,000
$1,204/SF
Building Size
10,833 SF
Asset Type
Retail
Closing
Jun 11, 2019
About this deal
AI
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).
On the Map
$13,050,000
$1,204/SF
Retail
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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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93