ASB Real Estate Investment Sells Retail Property In Los Angeles For $10.3M
SOLD
$10,300,000
California
See Similar DealsRetail6,000 SF
Sold 01/24/2023
SOLD
ASB Real Estate Investment Sells Retail Property In Los Angeles For $10.3M
131 North Robertson Boulevard
See Similar DealsRetail6,000 SF
Sold 01/24/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,716
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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