Updated Oct 28, 2024
Ascend Properties Group Acquires Culver City Retail Property On Sepulveda Blvd. For $7.1M
4235 Sepulveda Boulevard, Culver City, California 90230, United States
$7,100,000
$762/SF
Building Size
9,308 SF
Asset Type
Retail
Closing
May 9, 2022
About this deal
AI
Located in Culver City, the retail property at 4235 Sepulveda Blvd. has recently been sold. The transaction took place on 05/10/2022, with a sale price of $7,100,000. The property spans over 9,308 square feet, resulting in a price per square foot of $762. The buyer of the property was Ascend Properties Group, while the seller was Adopt & Shop Sepulveda. Ron Burkhardt from Newmark represented both parties as the broker in this deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 4235 Sepulveda Blvd.
- Market: Culver City
- Buyer: Ascend Properties Group
- Seller: Adopt & Shop Sepulveda
- Broker: Ron Burkhardt - Newmark
- Square Footage: 9,308
- Price per Square Foot: $762
Kevin Lachoff and Ron Burkhardt were involved in the transaction as shown in the image on Instagram.
On the Map
$7,100,000
$762/SF
Retail
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Culver City 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93