Jay Bajaria Acquires Retail Property On La Brea Ave In Los Angeles For $6.47M

The property at 2546 La Brea Avenue in Los Angeles is a 15,000 square foot retail asset that was recently sold. The sale price for this property was $6,471,000, with a price per square foot of $431. The transaction involved Jay Bajaria as the buyer and Raffi Sayabalian of the Sayabalian Family Trust as the seller. The deal was facilitated by broker Arian Zerehi from Commercial Brokers International. The asset's location right on the freeway onramp adds to its appeal as a generational family asset.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,471,000
• Buyer: Jay Bajaria
• Seller: Raffi Sayabalian - Sayabalian Family Trust
• Broker: Arian Zerehi - Commercial Brokers International
• Address: 2546 La Brea Avenue
• Market: Los Angeles
• Square Footage: 15,000
• Asking Price: $8,000,000
• Price Per Square Foot: $431

A notable aspect of this transaction is the favorable financing structure secured for the buyer by Arian Zerehi. Potential buyers or sellers interested in similar opportunities can contact Arian at [email protected] for further information and assistance in the real estate market.