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Claudia Oh And Thomas C. Oh Acquire Retail Asset From John Suh And Claudia Oh For $18.3M

Property Image
SOLD
$18,300,000
T.C. Macker
Luke Palmo
+ 2

California

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Retail14,344 SF
Sold 11/01/2024
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Property Image
SOLD

Claudia Oh And Thomas C. Oh Acquire Retail Asset From John Suh And Claudia Oh For $18.3M

3450 West 6th Street

See Similar Deals
Retail14,344 SF
Sold 11/01/2024
T.C. Macker
Luke Palmo
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,275
Total Square Footage:14,344 SF
Transaction Type:Sale

This retail asset is located at 3450 West 6th Street in the Los Angeles market. The sale price for this transaction was $18,300,000, and the property spans a total area of 14,344 square feet, resulting in a price per square foot of $1,275.

Summary of transaction details:

The individuals involved in the transaction include buyers Claudia Oh and Thomas C. Oh, along with sellers John Suh and Claudia Oh. Broker representation for the deal was provided by T.C. Macker, Luke Palmo, and Woody Cook from WESTMAC Commercial Brokerage Company, as well as Eric Sackler and Susan Lau from Coldwell Banker.

Players

Luke Palmo
4 deals$77.3M volume
BROKER

T.C. Macker
WESTMAC Commercial Brokerage Company
65 deals$483.6M volume(310) 966-4352
BROKER

Woody Cook
WESTMAC Commercial Brokerage Company
22 deals$123M volume
BROKER

Eric Sackler
Coldwell Banker
3 deals$28.8M volume(310) 979-4990
BROKER

Susan Lau
Coldwell Banker
2 deals$22.6M volume(213) 220-5466
BROKER

Details

SOLD
IMAGE: Eric Sackler, Woody Cook, Susan Lau, Luke Palmo & T.C. Macker DATE: 11/01/2024 ADDRESS: 3450 West 6th Street MARKET: Los Angeles ASSET TYPE: Retail BUYER: Claudia Oh & Thomas C. Oh SELLER: John Suh & Claudia Oh BROKERS: T.C. Macker (@WestLACRE), Luke Palmo & Woody Cook (@WoodyCookcre) - WESTMAC Commercial Brokerage Company (@WestMac_CRE); Eric Sackler (@EricSackler) & Susan Lau - Coldwell Banker (@ColdwellBanker) SALE PRICE: $18,300,000 SF: 14,344 ~ PPSF: $1,275

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$976,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,016.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,751.34
Annual Debt Service$1,041,016.03