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518 N Western Ave, Los Ange...

Sheena Ghiani Acquires Retail Property In Los Angeles For $6.5M
SOLDRetail

Sheena Ghiani Acquires Retail Property In Los Angeles For $6.5M

518 N Western Ave, Los Angeles, CA, USA

$6,500,000

$311/SF

Building Size

20,886 SF

Asset Type

Retail

Closing

Mar 14, 2021

AI

Located at 518, 520, 530-538 N. Western Ave. in Los Angeles, this retail property was recently sold. The transaction took place on March 15, 2021, with a sale price of $6,500,000. The property spans 20,886 square feet, resulting in a price per square foot of $311. The sale was facilitated by Sheena Ghiani from Compass, representing the buyer.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $6,500,000
  • Address: 518, 520, 530-538 N. Western Ave., Los Angeles
  • Square Footage: 20,886
  • Price Per Square Foot: $311

Sheena Ghiani from Compass acted as the buyer's representative in this transaction. Their expertise contributed to the successful completion of the sale.

Players

Sheena Ghiani

Compass

Broker

$20.2M

vol

4 deals

Broker

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93