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
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