Philippe Chicha Acquires Retail Property At 2926 Main Street From Lillian Zacky For $1.975M
SOLD
$1,975,000
California
See Similar DealsRetail1,700 SF
Sold 12/09/2025
SOLD
Philippe Chicha Acquires Retail Property At 2926 Main Street From Lillian Zacky For $1.975M
2926 Main Street
See Similar DealsRetail1,700 SF
Sold 12/09/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,161
Total Square Footage:1,700 SF
Transaction Type:Sale
The retail asset located at 2926 Main Street in Santa Monica has been sold for $1,975,000. The property encompasses 1,700 square feet, resulting in a price per square foot of $1,161.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,975,000
- Address: 2926 Main Street
- Market: Santa Monica
- Square Footage: 1,700
- Price Per Square Foot: $1,161
- Buyer: Philippe Chicha
- Seller: Lillian Zacky
- Brokers: Brandon Michaels & Emin Gabrimasshih - Marcus & Millichap
Brandon Michaels and Emin Gabrimasshih represented the seller, Lillian Zacky, in this transaction. Their involvement facilitated the sale of the retail property to the buyer, Philippe Chicha.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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