Geoffrey Anenberg Acquires Retail Property In Los Angeles For $4.15M
540 North Western Avenue
$4,150,000
$721/SF
Building Size
5,750 SF
Asset Type
Retail
Closing
Jan 18, 2024
AI
The retail property located at 540 North Western Avenue in Los Angeles was successfully sold for $4,150,000. The property spans 5,750 square feet, resulting in a price per square foot of $722. The transaction involved Geoffrey Anenberg from Normal Properties as the buyer and Carolyn Kreisman as the seller. Andrew Leff from The CREM Group represented Geoffrey Anenberg in the deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,150,000
- Address: 540 North Western Avenue
- Market: Los Angeles
- Buyer: Geoffrey Anenberg - Normal Properties
- Seller: Carolyn Kreisman
- Buyer's Rep: Andrew Leff - The CREM Group
- SF: 5,750
- PPSF: $722
Geoffrey Anenberg of Normal Properties acquired the retail property, with Carolyn Kreisman as the selling party. Andrew Leff, a representative from The CREM Group, facilitated the transaction on behalf of Geoffrey Anenberg, ensuring a successful purchase of the property in Los Angeles.
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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93