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2425 Wilshire Boulevard

Alexander Sirota Acquires Retail Property In Santa Monica For $6.1M
SOLDRetail

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

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.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

Bhupendrakumar M. Patel

Seller

$14.6M

vol

3 deals

Seller

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

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93