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Tripti Majumder Acquires Retail Property On Santa Monica Blvd. In East Hollywood For $5.5M

Property Image
SOLD
$5,500,000
Matthew Luchs
Brandon Michaels
Andrew Leff
+ 1

California

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Retail10,750 SF
Sold 02/01/2022
the dealplayerscompscontact
Property Image
SOLD

Tripti Majumder Acquires Retail Property On Santa Monica Blvd. In East Hollywood For $5.5M

5100 Santa Monica Boulevard, Los Angeles, California 90029, United States

See Similar Deals
Retail10,750 SF
Sold 02/01/2022
Matthew Luchs
Brandon Michaels
Andrew Leff
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$511
Total Square Footage:10,750 SF
Transaction Type:Sale

The property involved in the transaction is a retail asset located at 5100-5116 Santa Monica Blvd. The property is situated in East Hollywood, Silverlake. The sale took place on 02/01/2022.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $5,500,000
  • Square Footage: 10,750 SF
  • Price per Square Foot: $511
  • Market: East Hollywood, Silverlake

The buyer in this transaction is Tripti Majumder, while the seller is Steven H. Feldman. The deal was facilitated by the broker representatives Brandon Michaels, Matthew Luchs, and Andrew Leff from The Brandon Michaels Group.

Players

Brandon Michaels
Marcus & Millichap
Brandon Michaels
138 deals$747.9M volume(818) 292-3175
BROKER
Andrew Leff
The CREM Group
Andrew Leff
27 deals$100.9M volume
BROKER
Matthew Luchs
Zacuto Group
Matthew Luchs
90 deals$494.5M volume(818) 519-1429
BROKER
Matthew Luchs
Zacuto Group
Matthew Luchs
90 deals$494.5M volume(818) 519-1429
BROKER
SF
Steven H. Feldman
3 deals$50.8M volume
SELLER

Details

SOLD
IMAGE: Matthew Luchs, Brandon Michaels & Andrew Leff DATE: 02/01/2022 ADDRESS: 5100-5116 Santa Monica Blvd. MARKET: East Hollywood, Silverlake ASSET TYPE: Retail BUYER: Tripti Majumder SELLER: Steven H. Feldman BROKERS: Brandon Michaels (@BrandonMichaelsGroup), Matthew Luchs (@MatthewLuchs) & Andrew Leff (@ALeff5212) - The Brandon Michaels Group SALE PRICE: $5,500,000 SF: 10,750 ~ PPSF: $511

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

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67