Jacob Nahamia Acquires Retail Property In Venice For $6.26M
1424 Abbot Kinney Boulevard, Venice, CA 90291
$6,260,000
$1,915/SF
Building Size
3,268 SF
Asset Type
Retail
Closing
Sep 29, 2021
AI
The retail property located at 1424-1428 Abbot Kinney Boulevard in Venice has been sold for a total price of $6,260,000. The property spans a total area of 3,268 square feet, resulting in a price per square foot of $1,915. The transaction took place on September 29, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,260,000
- Address: 1424-1428 Abbot Kinney Boulevard
- Market: Venice
The buyer of the property is Jacob Nahamia, while the seller is Howard Weis. The deal was facilitated by James DeBuiser and Gary Cohen from Marcus & Millichap. They acted as brokers representing the respective parties in the transaction.
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
2.53%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93