Updated Dec 19, 2023
Sheena Ghiani Brokers $4.8M Retail Sale On Melrose Avenue
5059 Melrose Ave, Los Angeles, CA 90038, USA
$4,800,000
$87/SF
Building Size
55,000 SF
Asset Type
Retail
Closing
Sep 16, 2020
About this deal
AI
The retail property located at 5059 Melrose Ave has been sold for $4,800,000. The property spans 5,500 square feet with a price per square foot of $872. The transaction took place on September 17, 2020. The sale was facilitated by Sheena Ghiani, a broker representing the parties involved in the deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,800,000
- Square Footage: 5,500
- Price per Square Foot: $872
- Date: September 17, 2020
- Broker: Sheena Ghiani
Sheena Ghiani played a crucial role in overseeing the sale of the retail property at 5059 Melrose Ave. Her expertise and negotiation skills helped facilitate the transaction smoothly.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93