Danny Shaoulian Acquires Retail Property On National Blvd In West Los Angeles For $13.1M
SOLD
$13,100,000
California
See Similar DealsRetail10,883 SF
Sold 03/04/2022
SOLD
Danny Shaoulian Acquires Retail Property On National Blvd In West Los Angeles For $13.1M
11201 National Boulevard, Los Angeles, California 90064, United States
See Similar DealsRetail10,883 SF
Sold 03/04/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,203
Total Square Footage:10,883 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$698,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,541.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,100.68
Annual Debt Service$745,208.20
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