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4034 Crenshaw Boulevard

Vinny Jain Of Ingenious Asset Group Represents Seller In Sale Of Retail Property For $5.1M
SOLDRetail

Vinny Jain Of Ingenious Asset Group Represents Seller In Sale Of Retail Property For $5.1M

4034 Crenshaw Boulevard

$5,100,000

$233/SF

Building Size

21,877 SF

Asset Type

Retail

Closing

Oct 3, 2024

AI

The property involved in the transaction is located at 4034 Crenshaw Boulevard, Los Angeles. It is classified as a retail asset with a total square footage of 21,877. The sale price for this transaction was $5,100,000, which translates to a price per square foot of $233.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,100,000
  • Address: 4034 Crenshaw Boulevard
  • Market: Los Angeles
  • Total Square Footage: 21,877
  • Price Per Square Foot: $233
  • Seller's Representative: Vinny Jain - Ingenious Asset Group

Vinny Jain represented the seller in this transaction, facilitating the sale through Ingenious Asset Group. The transaction highlights the role of brokerage in the retail property market within Los Angeles, showcasing the expertise provided by Jain in managing the details of the sale.

Players

Vinny Jain

Ingenious Asset Group

Broker

$51.4M

vol

15 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93