Updated Nov 21, 2024
Michael Sarlo Acquires Retail Property On Lincoln Blvd In Los Angeles For $3.8M
4047 Lincoln Blvd, Marina del Rey, California 90292, United States
$3,800,000
$401/SF
Building Size
9,467 SF
Asset Type
Retail
Closing
Nov 17, 2021
About this deal
AI
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.
On the Map
$3,800,000
$401/SF
Retail
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Marina Del Rey 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93