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4411 Sepulveda Blvd, Culver...

Tova Capital Inc Acquires Retail Property In Culver City For $8.2M
SOLDRetail

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

Daniel Pickart

Broker

$113.6M

vol

3 deals

Broker
TI
Tova Capital IncBuyer

Culver City Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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