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11223 National Boulevard, W...

Los Robles Office Partners Acquires West LA Retail Condo For $13.05M
SOLDRetail

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

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).

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker
LL
Los Robles Office Partners, LLCBuyer

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