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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

Located at 2425 Wilshire Blvd. in Santa Monica, Los Angeles, this retail property was recently sold for a total of $6,100,000. Spanning 3,260 square feet, the property was purchased by Alexander Sirota from Bhupendrakumar Patel. The sale price equates to $1,871 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,100,000
  • Address: 2425 Wilshire Blvd., Santa Monica, Los Angeles
  • Square footage: 3,260
  • Buyer: Alexander Sirota
  • Seller: Bhupendrakumar Patel
  • Buyer's Representative: T.C. Macker, Christian C. Holland, Woody Cook & Jennifer Moscoso - WESTMAC Commercial Brokerage Company

The deal was facilitated by T.C. Macker, Christian C. Holland, Woody Cook, and Jennifer Moscoso from WESTMAC Commercial Brokerage Company, who represented Alexander Sirota as the buyer. The retail property provides an attractive investment opportunity in the Santa Monica market.

Players

Jennifer Moscoso

WESTMAC Commercial Brokerage Company

Broker

$241.9M

vol

30 deals

Broker

Bhupendrakumar M. Patel

Seller

$14.6M

vol

3 deals

Seller

Santa Monica Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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