facebook
Traded Co logo
Submit

Geoffrey Anenberg Acquires Retail Property In Los Angeles For $4.15M

Property Image
SOLD
$4,150,000

California

See Similar Deals
Retail5,750 SF
Sold 01/18/2024
the dealplayerscompscontact
Property Image
SOLD

Geoffrey Anenberg Acquires Retail Property In Los Angeles For $4.15M

540 North Western Avenue

See Similar Deals
Retail5,750 SF
Sold 01/18/2024
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$721
Total Square Footage:5,750 SF
Transaction Type:Sale

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

Andrew Leff
27 deals$100.9M volume
BROKER

Details

SOLD
IMAGE: Geoffrey Anenberg & Andrew Leff ADDRESS: 540 North Western Avenue MARKET: Los Angeles ASSET TYPE: Retail BUYER: Geoffrey Anenberg (@Guyerino) - Normal Properties (@Normal_Properties) SELLER: Carolyn Kreisman BUYER'S REP: Andrew Leff - The CREM Group (@TheCREMGroup) SALE PRICE: $4,150,000 SF: 5,750 ~ PPSF: $722

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$221,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41