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1201 North Alvarado Street,...

Figure 8 Realty Represents Buyer In $2.8M Retail Sale In Echo Park, Silverlake
SOLDRetail

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

Nick Fichera

Broker

$9.2M

vol

2 deals

Broker

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