Updated Oct 28, 2024
Acquires Retail Property In Leimert Park, LA
4317 Degnan Blvd, Los Angeles, CA
$6,500,000
$555/SF
Building Size
11,708 SF
Asset Type
Retail
Closing
Sep 12, 2022
About this deal
AI
The has purchased a retail property located at 4317 Degnan Blvd in Leimert Park, LA. The property, totaling 11,708 square feet, was sold by Bar Kochba Botach for a price of $6,500,000, resulting in a price per square foot of $555.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 4317 Degnan Blvd
- Market: Leimert Park, LA
Representing the buyer, Matthew Gates of Daughrity Real Estate facilitated the transaction on behalf of the . Maurice Morales and George Gross of Coldwell Banker acted as the seller's representatives in the deal.
Players
Los Angeles 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93