facebook

traded

+ Submit
Home

/

Deals

/

California

/

Retail

/

Sale

/

16605 West Sunset Boulevard

Daniel Saparzadeh Purchases Retail Property From Mae Jane McGuire For $2.65 Million In Pacific Palisades
SOLDRetail

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

T.C. Macker

WESTMAC Commercial Brokerage Company

Broker

$483.6M

vol

65 deals

Broker

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