Gary Entrekin Sells Retail Property On Culver Boulevard In Playa Del Rey For $3.4M
SOLD
$3,400,000
California
See Similar DealsRetail4,434 SF
Sold 04/20/2023
SOLD
Gary Entrekin Sells Retail Property On Culver Boulevard In Playa Del Rey For $3.4M
165 & 177 Culver Boulevard
See Similar DealsRetail4,434 SF
Sold 04/20/2023
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$766
Total Square Footage:4,434 SF
Transaction Type:Sale
The retail property located at 165 & 177 Culver Boulevard in Playa del Rey has been sold for a price of $3,400,000. The property spans 4,434 square feet, resulting in a price per square foot of $767.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,400,000
- Square Footage: 4,434
- Price per Square Foot: $767
- Address: 165 & 177 Culver Boulevard, Playa del Rey
- Market: Playa del Rey
The seller of the property was Gary Entrekin. Mark Ehlers from Imperial Real Estate represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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