ASB Real Estate Investment Sells Retail Property In Los Angeles For $10.3M
131 North Robertson Boulevard
$10,300,000
$1,716/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Jan 24, 2023
AI
The retail property located at 131-133 North Robertson Boulevard in Los Angeles has been sold for a price of $10,300,000. The property spans over an area of 6,000 square feet, resulting in a price per square foot of $1,717.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,300,000
- Address: 131-133 North Robertson Boulevard, Los Angeles
- Market: Los Angeles
- Seller: ASB Real Estate Investment
- Brokers: Carine Mamann & Kazuko Morgan - Morgan Mamann Retail Group Cushman & Wakefield
- SF: 6,000
- PPSF: $1,717
The sale of this retail property was facilitated by Carine Mamann and Kazuko Morgan of Morgan Mamann Retail Group at Cushman & Wakefield.
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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93