Updated Oct 28, 2024
Greenbridge Investment Partners Sells Retail Property On Wilshire Blvd For $22.5M
3500 Wilshire Boulevard, Los Angeles, California 90010, United States
$22,500,000
$1,081/SF
Building Size
20,800 SF
Asset Type
Retail
Closing
Oct 31, 2022
About this deal
AI
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.
On the Map
$22,500,000
$1,081/SF
Retail
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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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93