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

Property Image
SOLD
$1,725,000
Jeffrey M Pickett
Jovan Padilla
Chris Holland

California

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Retail3,736 SF
Sold 01/16/2019
the dealplayerscompscontact
Property Image
SOLD

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

4450 West Adams Boulevard, Los Angeles, CA 90016, USA

See Similar Deals
Retail3,736 SF
Sold 01/16/2019
Jeffrey M Pickett
Jovan Padilla
Chris Holland
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$461
Total Square Footage:3,736 SF
Transaction Type:Sale

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
Chris Holland
3 deals$16.2M volume
BROKER
Jovan Padilla
Coldwell Banker
Jovan Padilla
2 deals$2.8M volume
BROKER
Jeffrey M Pickett
WESTMAC Commercial Brokerage Company
Jeffrey M Pickett
3 deals$7.6M volume
BROKER
CIM Group
CIM Group
BUYER
CIM Group
CIM Group
LENDER

Details

SOLD
IMAGE: Jovan Padilla, Chris Holland and Jeff Pickett DATE: 01/16/2019 ADDRESS: 4450 W Adams Blvd MARKET: West Adams ASSET TYPE: Retail PRICE: $1,725,000 SF: 3,736 PPSF: $461 BUYER: CIM Group SELLER: Ruby Morris BROKERS: Jovan Padilla @jovanpadilla.cre, Chris Holland @chrisholland1234, Jeff Pickett NOTE: Property consists of a 3,736 SF building situated on a 12,689 SF lot.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
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