Tony Allen Acquires Office Building On Crenshaw Boulevard In Los Angeles For $2.6M
SOLD
California
See Similar DealsRetail6,994 SF
Sold
SOLD
Tony Allen Acquires Office Building On Crenshaw Boulevard In Los Angeles For $2.6M
4300 Crenshaw Boulevard
See Similar DealsRetail6,994 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$371
Total Square Footage:6994 SF
Transaction Type:Sale
Located at 4300 Crenshaw Boulevard in Los Angeles, CA, this recently closed transaction involved the sale of an office asset. The property spans 6,994 square feet and was sold for a price of $2,600,000, resulting in a price per square foot of $372.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,600,000
- Address: 4300 Crenshaw Boulevard, Los Angeles, CA
- Market: Los Angeles, CA
- Buyer: Tony Allen
- Seller: Jeffrey Siegel
- Buyer's Representative: Oliver Ghadoushi - Compass
- Seller's Representative: Vinny Jain - Ingenious Asset Group, Inc.
- Asking Price: $2,495,000
- Square Footage: 6,994
- Price per Square Foot: $372
The buyer, Tony Allen, acquired the property from seller Jeffrey Siegel. Representing the buyer was Oliver Ghadoushi from Compass, while Vinny Jain from Ingenious Asset Group, Inc. acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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