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4450 West Adams Boulevard, ...

CIM Group Acquires Retail Property In West Adams For $1.725M
SOLDRetail

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

Chris Holland

Broker

$16.2M

vol

3 deals

Broker
CIM Group
CIM GroupBuyer
CIM Group
CIM GroupLender

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