Bob Halavi Acquires $2.6M Retail Property On Washington Pl In Mar Vista
SOLD
$2,600,000
California
See Similar DealsRetail4,180 SF
Sold 03/12/2019
SOLD
Bob Halavi Acquires $2.6M Retail Property On Washington Pl In Mar Vista
12701 Washington Pl, Mar Vista, Los Angeles, CA, USA
See Similar DealsRetail4,180 SF
Sold 03/12/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$622
Total Square Footage:4,180 SF
Transaction Type:Sale
The retail property located at 12701 Washington Pl in Mar Vista, was sold for $2,600,000. The transaction took place on 03/12/2019. The property spans across 4,180 square feet, resulting in a price per square foot of $622. The buyer of the property was Bob Halavi, while the seller was Darryl Curtis. The deal was facilitated by Elizabeth Clark and Chris Chasin, representing their respective agencies.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 12701 Washington Pl
- Market: Mar Vista
- Buyer: Bob Halavi
- Seller: Darryl Curtis
- Brokers: Elizabeth Clark - Agency, Chris Chasin - Agency
- Square Footage: 4,180
- Price per Square Foot: $622
The property sale was successfully closed with the involvement of key individuals such as Elizabeth Clark and Chris Chasin, who played the role of brokers in the transaction.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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