Mark Bolour Of Bolour Associates Acquires Retail Property On Hyperion Avenue For $6.55M
2829 Hyperion Avenue
$6,550,000
$662/SF
Building Size
9,884 SF
Asset Type
Retail
Closing
Mar 20, 2025
AI
The property located at 2829 Hyperion Avenue in Los Angeles is a retail asset that has officially closed with a sale price of $6,550,000. The property encompasses 9,884 square feet and has a price per square foot of $662.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,550,000
- Buyer: Mark Bolour - Bolour Associates
- Seller: John Suh, Frank Oh & Thomas Oh
- Broker: Oron Maher - Maher Commercial Realty
- Market: Los Angeles
- Sale Date: 03/20/2025
- Property Size: 9,884 SF
- Price Per Square Foot: $662
Oron Maher of Maher Commercial Realty represented both the Buyer and Seller during this transaction. The closed sale was marked by a competitive marketing process that attracted multiple qualified offers, and it involved navigating a complex court-ordered sale with various seller interests, making the transaction notably intricate.
Players
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
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93