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Hani Selim Acquires Retail Property For $3.7M In Venice

Property Image
SOLD
$3,700,000
Matthew Luchs
Brandon Michaels
Andrew Leff

California

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Retail3,095 SF
Sold 03/01/2023
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Property Image
SOLD

Hani Selim Acquires Retail Property For $3.7M In Venice

1303-1305 Main Street Venice, Ca

See Similar Deals
Retail3,095 SF
Sold 03/01/2023
Matthew Luchs
Brandon Michaels
Andrew Leff
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,195
Total Square Footage:3,095 SF
Transaction Type:Sale

The retail property located at 1303-1305 Main Street in Venice has been sold for a price of $3,700,000. The property spans over 3,095 square feet, resulting in a price per square foot of $1,195.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,700,000
  • Address: 1303-1305 Main Street
  • Market: Venice
  • Buyer: Hani Selim
  • Seller: Thomas Tomeoni
  • Brokers: Matthew Luchs, Andrew Leff & Brandon Michaels - Brandon Michaels Group
  • Square Footage: 3,095
  • Price per Square Foot: $1,195

Hani Selim has purchased the retail property from Thomas Tomeoni. The transaction was facilitated with the assistance of Matthew Luchs, Andrew Leff, and Brandon Michaels from the Brandon Michaels Group.

Players

Brandon Michaels
Marcus & Millichap
Brandon Michaels
138 deals$747.9M volume(818) 292-3175
BROKER
Andrew Leff
The CREM Group
Andrew Leff
27 deals$100.9M volume
BROKER
Matthew Luchs
Zacuto Group
Matthew Luchs
90 deals$494.5M volume(818) 519-1429
BROKER
Matthew Luchs
Zacuto Group
Matthew Luchs
90 deals$494.5M volume(818) 519-1429
BROKER

Details

SOLD
IMAGE: Matthew Luchs, Brandon Michaels & Andrew Leff DATE: 03/01/2023 ADDRESS: 1303-1305 Main Street MARKET: Venice ASSET TYPE: Retail BUYER: Hani Selim SELLER: Thomas Tomeoni BROKERS: Matthew Luchs (@MatthewLuchs), Andrew Leff & Brandon Michaels - Brandon Michaels Group (@BrandonMichaelsGroup) SALE PRICE: $3,700,000 SF: 3,095 ~ PPSF: $1,195

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
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