Daniel Saparzadeh Purchases Retail Property From Mae Jane McGuire For $2.65 Million In Pacific Palisades
16605 West Sunset Boulevard
$2,650,000
$531/SF
Building Size
4,988 SF
Asset Type
Retail
Closing
Dec 12, 2024
AI
The retail asset located at 16605 West Sunset Boulevard in the Pacific Palisades market was sold for $2,650,000. This property features a total square footage of 4,988, resulting in a price per square foot of $531.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,650,000
- Square Footage: 4,988
- Price per Square Foot: $531
- Buyer: Daniel Saparzadeh
- Seller: Mae Jane McGuire
- Broker Representatives: T.C. Macker & Woody Cook - WESTMAC Commercial Brokerage Company
- Transaction Date: 12/12/2024
Daniel Saparzadeh acquired the property from Mae Jane McGuire, facilitated by the brokerage services of T.C. Macker and Woody Cook from WESTMAC Commercial Brokerage Company, known for their expertise in commercial real estate transactions.
Players
Pacific Palisades Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93