Updated Oct 29, 2024
Cloverfield Investment Group Purchases Retail Condo In Brentwood For $8.8M
11699 San Vicente Blvd, Los Angeles, CA 90049, USA
$8,815,000
$1,241/SF
Building Size
7,098 SF
Asset Type
Retail
Closing
Jul 7, 2020
About this deal
AI
A retail condo located at 11699 San Vicente Blvd in Brentwood has been sold for a price of $8,815,000. The property spans a total area of 7,098 square feet, resulting in a price per square foot of $1,241.90.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $8,815,000
- Square Footage: 7,098
- Price per Square Foot: $1,241.90
- Address: 11699 San Vicente Blvd
- Market: Brentwood
The buyer of the property is Cloverfield Investment Group, while the seller is 11699 San Vicente Company. The brokers involved in the deal are T.C. Macker, Jennifer Moscoso, and Timothy K. Haves. T.C. Macker and Jennifer Moscoso represent WESTMAC Commercial Brokerage Company, and Timothy K. Haves represents [Agency Name].
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
1.80%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93