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
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