facebook
Traded Co logo
Submit

Michael Sarlo Acquires Retail Property On Lincoln Blvd In Los Angeles For $3.8M

Property Image
SOLD
$3,800,000
Gabriel "Gabe" Brown

California

See Similar Deals
Retail9,467 SF
Sold 11/17/2021
the dealplayerscompscontact
Property Image
SOLD

Michael Sarlo Acquires Retail Property On Lincoln Blvd In Los Angeles For $3.8M

4047 Lincoln Blvd, Marina del Rey, California 90292, United States

See Similar Deals
Retail9,467 SF
Sold 11/17/2021
Gabriel "Gabe" Brown
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$401
Total Square Footage:9,467 SF
Transaction Type:Sale

Located at 4047-4051 Lincoln Blvd. in Los Angeles, this retail property was recently sold in a transaction on November 17, 2021. The property spans across 9,467 square feet and was sold for a total price of $3,800,000 at a price per square foot of $401. The buyer, Michael Sarlo, acquired the property from the seller, Darlene Marks.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $3,800,000
  • Address: 4047-4051 Lincoln Blvd., Los Angeles
  • Market: Los Angeles

Gabe Brown and Greg Astor from First Property Realty represented both parties, acting as the brokers in this transaction. Their expertise and knowledge contributed to the successful completion of the deal.

Players

Gabriel "Gabe" Brown
5 deals$7.2M volume
BROKER

Greg Astor
3 deals$3.8M volume
BROKER

Details

SOLD
IMAGE: Gabe Brown & Greg Astor DATE: 11/17/2021 ADDRESS: 4047-4051 Lincoln Blvd. MARKET: Los Angeles ASSET TYPE: Retail BUYER: Michael Sarlo SELLER: Darlene Marks BROKERS: Gabe Brown & Greg Astor - First Property Realty SALE PRICE: $3,800,000 SF: 9,467 ~ PPSF: $401

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$202,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26