Claudia Oh And Thomas C. Oh Acquire Retail Asset From John Suh And Claudia Oh For $18.3M
3450 West 6th Street
$18,300,000
$1,275/SF
Building Size
14,344 SF
Asset Type
Retail
Closing
Nov 1, 2024
AI
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:
- Property Type: Retail
- Transaction Amount: $18,300,000
- Address: 3450 West 6th Street
- Market: Los Angeles
- Square Footage: 14,344
- Price per Square Foot: $1,275
- Buyer: Claudia Oh & Thomas C. Oh
- Seller: John Suh & Claudia Oh
- Brokers: T.C. Macker, Luke Palmo & Woody Cook - WESTMAC Commercial Brokerage Company; Eric Sackler & Susan Lau - Coldwell Banker
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
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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93