Fields Holdings Acquires Retail Property In Brentwood For $30M
11674 West San Vicente Boulevard, Los Angeles, California 90049, United States
$30,000,000
$2,028/SF
Building Size
14,789 SF
Asset Type
Retail
Closing
Jan 14, 2022
AI
In Brentwood, a retail property located at 11674-11690 San Vicente Blvd. was sold for $30,000,000. The property spans 14,789 square feet and has a price per square foot of $2,028. The sale took place on January 14, 2022, with Fields Holdings purchasing the property from Weiss Development. The transaction was facilitated by brokers Bill Bauman and Kyle Miller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,000,000
- Address: 11674-11690 San Vicente Blvd.
- Market: Brentwood
- Square Footage: 14,789
- Price per Square Foot: $2,028
- Buyer: Fields Holdings
- Seller: Weiss Development
- Brokers: Bill Bauman & Kyle Miller
Bill Bauman and Kyle Miller represented the buyer and seller, respectively, in this transaction. They played crucial roles in facilitating the sale of the retail property located at 11674-11690 San Vicente Blvd. in Brentwood.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93