Updated Sep 5, 2024
Nazanin Termechi Sells Retail Property In Santa Monica For $2.775M With T.C. Macker - WESTMAC Commercial Brokerage Company
1855 Lincoln Blvd Santa Monica, CA 90404, USA
$2,775,000
$819/SF
Building Size
3,388 SF
Asset Type
Retail
Closing
Jul 3, 2023
About this deal
AI
A retail property located at 1855 Lincoln Boulevard in Santa Monica has been sold for $2,775,000. The property spans 3,388 square feet, resulting in a price per square foot of $819.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,775,000
- Address: 1855 Lincoln Boulevard, Santa Monica
- Market: Santa Monica
- Seller: Nazanin Termechi
- Broker: T.C. Macker - WESTMAC Commercial Brokerage Company
- Square Footage: 3,388
- Price per Square Foot: $819
The sale of the retail property at 1855 Lincoln Boulevard was facilitated by broker T.C. Macker from WESTMAC Commercial Brokerage Company. T.C. Macker represented the seller, Nazanin Termechi, in the transaction.
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
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93