Melissa Buchanan Acquires Retail Property In Culver City For $2M
SOLD
$2,000,000
California
See Similar DealsRetail1,183 SF
Sold 03/04/2022
SOLD
Melissa Buchanan Acquires Retail Property In Culver City For $2M
4243 Overland Avenue, Culver City, California 90230, United States
See Similar DealsRetail1,183 SF
Sold 03/04/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,690
Total Square Footage:1,183 SF
Transaction Type:Sale
A retail property located at 4243 Overland Ave. in Culver City has been sold in a recent transaction. The property spans an area of 1,183 square feet and was sold for a price of $2,000,000, resulting in a price per square foot of $1,690. The transaction took place on March 4, 2022.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Date: 03/04/2022
- Address: 4243 Overland Ave.
- Market: Culver City
- Buyer: Melissa Buchanan
- Seller: Daniel G. Danison Living Trust
- Broker: Vinny Jain - Ingenious Asset Group Inc.
Vinny Jain from Ingenious Asset Group Inc. represented the buyer and facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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