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540 North Western Avenue

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

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

Andrew Leff

The CREM Group

Broker

$100.9M

vol

27 deals

Broker

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