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3450 West 6th Street

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

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:

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

WESTMAC Commercial Brokerage Company

Broker

$77.3M

vol

4 deals

Broker

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