Greenbridge Investment Partners Sells Retail Property On Wilshire Blvd For $22.5M
SOLD
$22,500,000
California
See Similar DealsRetail20,800 SF
Sold 11/01/2022
SOLD
Greenbridge Investment Partners Sells Retail Property On Wilshire Blvd For $22.5M
3500 Wilshire Boulevard, Los Angeles, California 90010, United States
See Similar DealsRetail20,800 SF
Sold 11/01/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,081
Total Square Footage:20,800 SF
Transaction Type:Sale
The retail property located at 3500 Wilshire Blvd in Los Angeles, CA has been sold. The transaction was handled by Greenbridge Investment Partners, with Sean Hashem as their representative. The sale price for the property was $22,500,000, with a total square footage of 20,800. The price per square foot was $1,082.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,500,000
- Address: 3500 Wilshire Blvd, Los Angeles, CA
- Market: Los Angeles, CA
- Seller: Greenbridge Investment Partners - Sean Hashem
- Square Footage: 20,800
- Price per Square Foot: $1,082
The successful sale of the property was facilitated by Greenbridge Investment Partners, with Sean Hashem representing the seller. The transaction marks a significant achievement in the retail market of Los Angeles, California.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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