Updated Sep 9, 2024
Hani Selim Acquires Retail Property For $3.7M In Venice
1303-1305 Main Street Venice, Ca
$3,700,000
$1,195/SF
Building Size
3,095 SF
Asset Type
Retail
Closing
Mar 1, 2023
About this deal
AI
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.
On the Map
$3,700,000
$1,195/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93