Updated Dec 21, 2023
Alexander Sirota Acquires Retail Property In Santa Monica For $6.1M
2425 Wilshire Boulevard
$6,100,000
$1,871/SF
Building Size
3,260 SF
Asset Type
Retail
Closing
Dec 9, 2021
About this deal
AI
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.
On the Map
$6,100,000
$1,871/SF
Retail
View full map
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew Luchs to view all their deals.
Browse Los Angeles retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93