Updated Oct 28, 2024
Harkham Family Acquires Fairfax Property For $17.1M With Brokers Jay Luchs & Genny Chang
157 Fairfax Avenue, Los Angeles, California 90036, United States
$17,100,000
$1,315/SF
Building Size
13,000 SF
Asset Type
Retail
Closing
Feb 19, 1922
About this deal
AI
The property located at 157 S Fairfax in Fairfax has been sold in a transaction that closed on 2/20/22. The property spans 13,000 square feet and was sold for a total price of $17.1 million. This translates to a price per square foot of $1,315.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $17.1M
- Square Footage: 13,000
- Address: 157 S Fairfax
- Market: Fairfax
- Date: 2/20/22
The buyer of the property is the Harkham Family, while the seller is K G Fairfax Properties. The deal was facilitated by brokers Jay Luchs and Genny Chang of Jay Luchs Group at Newmark.
Notably, the property is situated directly across from the Farmers Market on Fairfax and is adjacent to Trader Joe's.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93