Updated Dec 21, 2023
Rob Vinokur Acquires Mid-Wilshire Retail Opportunity For $5M
5508 W Pico Blvd, Mid-Wilshire, Los Angeles, CA, USA
$5,000,000
$355/SF
Building Size
14,061 SF
Asset Type
Retail
Closing
Oct 14, 2021
About this deal
AI
A retail property and development opportunity located at 5508 W. Pico Blvd. & 1401 Carmona Ave. in Mid-Wilshire has been sold for $5,000,000. The property spans across 14,061 square feet, resulting in a price per square foot of $355. The transaction took place on October 14, 2021.
Summary of transaction details
- Property Type: Retail / Development Opportunity
- Transaction Amount: $5,000,000
- Square Footage: 14,061
- Price per Square Foot: $355
- Market: Mid-Wilshire
The buyer of the property is Rob Vinokur, while Chaim Botach served as the seller. Neema Ahadian from Marcus & Millichap represented both parties in the deal.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93