Updated Dec 21, 2023
Joel Tucker & Martin Agnew Acquire Retail Property In Highland Park For $2.35M
224 Avenue 50, Los Angeles, California 90042, United States
$2,350,000
$369/SF
Building Size
6,358 SF
Asset Type
Retail
Closing
Jan 20, 2022
About this deal
AI
The retail property located at 224-228 N. Ave. 50 and 4966 Monte Vista St. in Highland Park has been sold for a total price of $2,350,000. The property has a total square footage of 6,358, resulting in a price per square foot (PPSF) of $369. The sale was finalized on January 21, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 224-228 N. Ave. 50 & 4966 Monte Vista St.
- Market: Highland Park
- Buyer: Joel Tucker & Martin Agnew
- Seller: Nae Kim
- Brokers: Martin Agnew, Bradley Wetherby, and Ryan Serling - Marcus & Millichap
- Square Footage: 6,358
- Price per Square Foot (PPSF): $369
Joel Tucker and Martin Agnew were the buyers of the property, while Nae Kim acted as the seller. The transaction was facilitated by brokers Martin Agnew, Bradley Wetherby, and Ryan Serling from Marcus & Millichap.
On the Map
$2,350,000
$369/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93