Updated Dec 21, 2023
Ban Commercial Acquires Retail Property In Highland Park For $2.55M
5251 York Boulevard, Los Angeles, California 90042, United States
$2,550,000
$170/SF
Building Size
14,983 SF
Asset Type
Retail
Closing
Jan 7, 2022
About this deal
AI
Located in Highland Park, the retail property at 5251 York Boulevard has recently been sold for $2,550,000. The property spans across 14,983 square feet of land, resulting in a rate of $170 per square foot. This transaction was facilitated by CBRE's representatives, Ken McLeod, Alex Vasquez, and Patrick Ylagan, who acted on behalf of the seller. The buyer's representative in this deal was Ban Commercial.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,550,000
- Address: 5251 York Boulevard
- Market: Highland Park
- Land Square Footage: 14,983
- Land Price per Square Foot: $170
This sale marks a significant achievement for both the buyer and the seller. The involvement of Ban Commercial and CBRE's representatives, Ken McLeod, Alex Vasquez, and Patrick Ylagan, showcases their expertise and dedication in facilitating successful transactions within the real estate market.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Patrick Ylagan to view all their deals.
Browse California retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93