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Patrick Stad Acquires Retail Property On West Pico Boulevard In Los Angeles For $1.6M

Property Image
SOLD
$1,578,950
Nico Atherton
Shanna Naim

California

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Retail2,119 SF
Sold 12/26/2023
the dealplayerscompscontact
Property Image
SOLD

Patrick Stad Acquires Retail Property On West Pico Boulevard In Los Angeles For $1.6M

5546 West Pico Boulevard

See Similar Deals
Retail2,119 SF
Sold 12/26/2023
Nico Atherton
Shanna Naim
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$745
Total Square Footage:2,119 SF
Transaction Type:Sale

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

Shanna Naim
Skyview Real Estate Partners
Shanna Naim
33 deals$43.9M volume(310) 935-1401
BROKER
Nico Atherton
Skyview Real Estate Partners
Nico Atherton
12 deals$14.2M volume(323) 657-9581
BROKER
ENS Realty
ENS Realty
BROKERAGE

Details

SOLD
IMAGE: Nico Atherton, Shanna Naim, Jake Zacuto & Ben Khoubian DATE: 12/26/2023 ADDRESS: 5546 West Pico Boulevard MARKET: Los Angeles ASSET TYPE: Retail BUYER: Patrick Stad SELLER: Jon Kohanoff BUYER'S REP: Jake Zacuto & Ben Khoubian - Zacuto Group SELLER'S REP: Shanna Naim (@Shannadoesrealestate) & Nico Atherton (@NicoAtherton_re) - ENS Realty SALE PRICE: $1,578,950 SF: 2,119 ~ PPSF: $745

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$84,210.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,609.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,485.03
Annual Debt Service$89,820.34