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1440 West Manchester Avenue

Barouir Deirmenjian Acquires Retail Property On West Manchester Avenue In Los Angeles For $3.6M
SOLDRetail

Barouir Deirmenjian Acquires Retail Property On West Manchester Avenue In Los Angeles For $3.6M

1440 West Manchester Avenue

$3,600,000

$400/SF

Building Size

9,000 SF

Asset Type

Retail

Closing

Apr 17, 2023

AI

The retail property located at 1440 West Manchester Avenue in Los Angeles has been sold in a transaction. The property spans 9,000 square feet and was sold for a total price of $3,600,000, resulting in a price per square foot of $400.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Address: 1440 West Manchester Avenue
  • Market: Los Angeles

Barouir Deirmenjian purchased the property from Richard Parigan. The buyer was represented by Daniel Hirth from The Hirth Group, while Elijah Suval from Keller Williams represented the seller, Richard Parigan.

Players

Elijah Suval

Keller Williams Realty

Broker

$47.5M

vol

23 deals

Broker

Market 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93