Tova Capital Inc Acquires Retail Property In Culver City For $8.2M
4411 Sepulveda Blvd, Culver City, CA, USA
$8,200,000
$683/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Oct 1, 2019
AI
The retail property located at 4411 Sepulveda Blvd in Culver City has been sold in a recent transaction. The property spans 12,000 square feet and has been purchased by Tova Capital Inc for a total price of $8,200,000. The sale price equates to a price per square foot of $683.
Summary of transaction details
- Property Type: Retail
- Date: 10/02/2019
- Address: 4411 Sepulveda Blvd
- Market: Culver City
- Seller: Drucker Living Trust
- Buyer: Tova Capital Inc
- Brokers: Mark Einbund, Marc Pollock - Westside Retail, Daniel Pickart - Industry Partners Inc
This deal was facilitated by brokers Mark Einbund and Marc Pollock from Westside Retail, along with Daniel Pickart from Industry Partners Inc. The property's sale marks a successful transaction in the Culver City retail market.
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93