Jupiter Property Investment LLC Acquires Retail Property In Valley Village For $5.65M

Located in Valley Village, the retail property at 5222-5228 Hermitage Ave recently changed hands in a closed transaction. The property spans across 18,009 square feet, offering a total of 20 units. The sale price for this asset was $5,650,000, resulting in a price per unit of $282,500. With a price per square foot of $313.73, the property was sold at a 4.06% cap rate.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,650,000
• Address: 5222-5228 Hermitage Ave
• Market: Valley Village
• Number of Units: 20
• Price per Unit: $282,500
• Square Footage: 18,009
• Price per Square Foot: $313.73
• Cap Rate: 4.06%

Jupiter Property Investment LLC acquired the property, facilitated by the brokers involved in the deal: Sam Liberow, Michael Sterman, Filip Niculete, Glen Scher, and Jonathan Erster.