Figure 8 Realty Represents Buyer In $2.8M Retail Sale In Echo Park, Silverlake
1201 North Alvarado Street, Los Angeles, CA, USA
$2,815,000
$405/SF
Building Size
6,940 SF
Asset Type
Retail
Closing
Apr 8, 2021
AI
An retail property located at 1201 N. Alvarado in Echo Park, Silverlake was recently sold for a price of $2,815,000. The property spans 6,940 square feet, resulting in a price per square foot of $405.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $2,815,000
- Address: 1201 N. Alvarado
- Market: Echo Park, Silverlake
The sellers of the property were Fred Afari, Ryan Afari, and Jack Rochel. The buyer was represented by Nick Fichera from Figure 8 Realty, while the sellers were represented by Brandon Cohan and Evan Clark from CBRE. This transaction marks Brandon Cohan's 20th deal since the start of Covid.
For more information, you can visit BrandonCohan.LA.
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
5.64%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93