Updated Oct 28, 2024
Blake Medgal Acquires Retail Property In Culver City For $4.4M
5529 Sepulveda Boulevard
$4,400,000
$1,969/SF
Building Size
2,234 SF
Asset Type
Retail
Closing
Jun 23, 2022
About this deal
AI
Located at 5529 Sepulveda Blvd. in Culver City, this retail property has been sold in a recent transaction. The property spans 2,234 square feet and was sold at a price of $4,400,000, which translates to a price per square foot of $1,969.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,400,000
- Buyer: Blake Medgal
- Seller: McNamee Family Trust
- Broker: Oron Maher - Maher Commercial Realty
The buyer in this transaction was Blake Medgal. Representing the seller, McNamee Family Trust, was broker Oron Maher from Maher Commercial Realty.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93