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.
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