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
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.
On the Map
$6,100,000
$1,871/SF
Retail
View full map
Players
Santa Monica Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Woody Cook to view all their deals.
Browse Santa Monica 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