Sabin Burrell, Simon Aftalion, and Daniel Glimcher of Passo Group Acquires Retail Asset From Robert Heron For $5.2M In Los Angeles
2319 Westwood Boulevard & 2323 Westwood Boulevard
$5,200,000
$577/SF
Building Size
9,000 SF
Asset Type
Retail
Closing
May 13, 2025
AI
This retail asset is located at 2319 & 2323 Westwood Boulevard in Los Angeles and has a total square footage of 7,200. The sale price for this transaction was $5,200,000, which equates to a price per square foot of $722.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,200,000
- Sale Date: 5/13/2025
- Buyer: Daniel Glimcher - Passo Group
- Seller: Robert Heron - Heron Family
- Brokers: Erica Taylor & Christian C. Holland - WESTMAC Commercial Brokerage Company
Daniel Glimcher represented Passo Group in the acquisition, while Robert Heron represented the Heron Family as the seller. The brokers for this transaction were Erica Taylor and Christian C. Holland from WESTMAC Commercial Brokerage Company.
Players
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93