Patrick Stad Acquires Retail Property On West Pico Boulevard In Los Angeles For $1.6M
5546 West Pico Boulevard
$1,578,950
$745/SF
Building Size
2,119 SF
Asset Type
Retail
Closing
Dec 26, 2023
AI
The property at 5546 West Pico Boulevard in Los Angeles has been sold in a retail transaction. The property has a total square footage of 2,119 and was sold at a price of $1,578,950, with a price-per-square-foot value of $745.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,578,950
- Square Footage: 2,119
- Address: 5546 West Pico Boulevard, Los Angeles
- Market: Los Angeles
The buyer of the property is Patrick Stad, with Jake Zacuto & Ben Khoubian from Zacuto Group acting as the buyer's representatives. The seller is Jon Kohanoff, with Shanna Naim & Nico Atherton from ENS Realty acting as the seller's representatives.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.05%
Cash-on-Cash
-2.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93