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2531 West Jefferson Boulevard

Eun Sung Presbyterian Acquires Retail Property In Los Angeles For $3.03M
SOLDRetail

Eun Sung Presbyterian Acquires Retail Property In Los Angeles For $3.03M

2531 West Jefferson Boulevard

$3,030,000

$305/SF

Building Size

9,909 SF

Asset Type

Retail

Closing

Jun 10, 2024

AI

The retail property located at 2531 West Jefferson Boulevard in Los Angeles was sold for $3,030,000. Spanning 9,909 square feet, the property was transacted at a price of $306 per square foot. The buyer of the property was Myong Wang representing Eun Sung Presbyterian, while the seller was Charles Azonwu. The buyer was represented by Jae Yoo from Cushman & Wakefield, and the seller was represented by Dane Garson, Elizabeth Clark, and Jay Martinez from Kidder Mathews.

Summary of transation details:

The transaction involved key individuals such as Elizabeth Clark, Jae Yoo, Jay Martinez, and Dane Garson. Each party played a crucial role in facilitating the successful sale of the retail property. Myong Wang from Eun Sung Presbyterian emerged as the buyer, while Charles Azonwu acted as the seller. The deal's smooth execution was ensured by the buyer's representative, Jae Yoo from Cushman & Wakefield, and the seller's representatives, Dane Garson, Elizabeth Clark, and Jay Martinez from Kidder Mathews.

Players

Jay Martinez

Kidder Mathews

Broker

$145.3M

vol

41 deals

Broker

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

5.24%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93