Charlie Woo Purchases Retail Property From Chonnie Badt For $3.875M In Los Angeles
11700 Gateway Boulevard
$3,875,000
$901/SF
Building Size
4,300 SF
Asset Type
Retail
Closing
Sep 4, 2025
AI
The transaction involves a retail asset located at 11700 Gateway Boulevard in Los Angeles, California. The property, which encompasses a total of 4,300 square feet, sold for $3,875,000, translating to a price per square foot of $901.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,875,000
- Buyer: Charlie Woo
- Seller: Chonnie Badt
- Broker: Adam Friedlander - Colliers
- Date of Transaction: 09/05/2025
Adam Friedlander serves as the Senior VP with the Snyder Carlton Team at Colliers, representing the sale of a net leased 7-Eleven and Kusaki Restaurant strip center as part of this transaction.
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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93