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11201 National Boulevard, L...

Danny Shaoulian Acquires Retail Property On National Blvd In West Los Angeles For $13.1M
SOLDRetail

Danny Shaoulian Acquires Retail Property On National Blvd In West Los Angeles For $13.1M

11201 National Boulevard, Los Angeles, California 90064, United States

$13,100,000

$1,203/SF

Building Size

10,883 SF

Asset Type

Retail

Closing

Mar 3, 2022

AI

Located in West Los Angeles, the retail property at 11201 National Blvd. has recently been sold for a total price of $13,100,000. The asset, spanning 10,883 square feet, was acquired by Danny Shaoulian from Metro Properties. This transaction was facilitated by Paul Brehme from Lee & Associates, representing the buyer, and Geoff Grossman from CBM1, representing the seller. The property boasts a price per square foot of $1,203.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $13,100,000
  • Address: 11201 National Blvd.
  • Market: West Los Angeles

The buyer, Danny Shaoulian, enlisted the services of Paul Brehme from Lee & Associates to navigate this real estate transaction. On the other side, the seller, Metro Properties, was expertly represented by Geoff Grossman from CBM1. This successful deal showcases the collaborative efforts of all parties involved.

Players

Geoffrey Grossman

Broker

$45.8M

vol

4 deals

Broker

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

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93