Anat Escher Acquires Retail Property On Ventura Blvd. In Studio City For $3M
SOLD
$3,000,000
California
See Similar DealsRetail3,545 SF
Sold 08/27/2021
SOLD
Anat Escher Acquires Retail Property On Ventura Blvd. In Studio City For $3M
11801 Ventura Boulevard, Studio City, CA 91604
See Similar DealsRetail3,545 SF
Sold 08/27/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$846
Total Square Footage:3,545 SF
Transaction Type:Sale
11801 Ventura Blvd. in Studio City has been sold for $3,000,000. The retail property spans across 3,545 square feet, resulting in a price per square foot of $846. The transaction took place on August 27, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 11801 Ventura Blvd.
- Market: Studio City
- SF: 3,545
- PPSF: $846
Anat Escher acquired the property from Michael Glick. The deal was facilitated by Elan Kermani from CityStreet Commercial and Matthew Fainchtein.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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