CIM Group Acquires Retail Property In West Adams For $1.725M
4450 West Adams Boulevard, Los Angeles, CA 90016, USA
$1,725,000
$461/SF
Building Size
3,736 SF
Asset Type
Retail
Closing
Jan 15, 2019
AI
The retail property located at 4450 W Adams Blvd in West Adams has been sold for $1,725,000. The property consists of a 3,736 square foot building situated on a 12,689 square foot lot. The sale took place on January 16, 2019.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,725,000
- Address: 4450 W Adams Blvd
- Market: West Adams
- Property Size: 3,736 square feet
- Price per Square Foot: $461
The buyer of the property is CIM Group, while the seller is Ruby Morris. The deal was facilitated by brokers Jovan Padilla from jovanpadilla.cre, Chris Holland, and Jeff Pickett.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93