Joel Tucker & Martin Agnew Acquire Retail Property In Highland Park For $2.35M
SOLD
$2,350,000
+ 1
California
See Similar DealsRetail6,358 SF
Sold 01/21/2022
SOLD
Joel Tucker & Martin Agnew Acquire Retail Property In Highland Park For $2.35M
224 Avenue 50, Los Angeles, California 90042, United States
See Similar DealsRetail6,358 SF
Sold 01/21/2022
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$369
Total Square Footage:6,358 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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