Updated Oct 28, 2024
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
About this deal
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
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