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4243 Overland Avenue, Culve...

Melissa Buchanan Acquires Retail Property In Culver City For $2M
SOLDRetail

Melissa Buchanan Acquires Retail Property In Culver City For $2M

4243 Overland Avenue, Culver City, California 90230, United States

$2,000,000

$1,690/SF

Building Size

1,183 SF

Asset Type

Retail

Closing

Mar 3, 2022

AI

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.

Players

Vinny Jain

Ingenious Asset Group

Broker

$51.4M

vol

15 deals

Broker

Daniel G. Danison

Living Trust

Seller

$4.9M

vol

2 deals

Seller

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93