Alexander Sirota Acquires Retail Property In Santa Monica For $6.1M
SOLD
$6,100,000
+ 1
California
See Similar DealsRetail3,260 SF
Sold 12/09/2021
SOLD
Alexander Sirota Acquires Retail Property In Santa Monica For $6.1M
2425 Wilshire Boulevard
See Similar DealsRetail3,260 SF
Sold 12/09/2021
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,871
Total Square Footage:3,260 SF
Transaction Type:Sale
The retail property located at 2425 Wilshire Blvd. in Santa Monica has been sold. The transaction took place on December 9, 2021, with a sale price of $6,100,000. The property spans 3,260 square feet, resulting in a price per square foot of $1,871.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,100,000
- Address: 2425 Wilshire Blvd.
- Market: Santa Monica
Alexander Sirota was the buyer of the property, while Bhupendrakumar Patel acted as the seller. The deal was facilitated by the brokerage team of Matthew Luchs, Brandon Michaels, and Steven Schechter from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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