Prove Em Investments Acquires Retail Property On Crenshaw Blvd For $2.85M
SOLD
$2,850,000
California
See Similar DealsRetail19,003 SF
Sold 06/04/2019
SOLD
Prove Em Investments Acquires Retail Property On Crenshaw Blvd For $2.85M
5710 Crenshaw Blvd, Los Angeles, CA, USA
See Similar DealsRetail19,003 SF
Sold 06/04/2019
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:19,003 SF
Transaction Type:Sale
The retail property located at 5710 Crenshaw Blvd was sold on June 4, 2019. The property, with a total square footage of 19,003, was purchased by Prove Em Investments LLC from Golcheh Development & Investments LLC. The transaction was facilitated by brokers Eric Cohen and Gabriel Talasazan. The sale price for the property was $2,850,000, resulting in a price per square foot of $149.98.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,850,000
- Address: 5710 Crenshaw Blvd
- Buyer: Prove Em Investments LLC
- Seller: Golcheh Development & Investments LLC
- Brokers: Eric Cohen (Agency: N/A), Gabriel Talasazan (Agency: N/A)
- Square Footage: 19,003
- Price per Square Foot: $149.98
Note: No additional information about the property or transaction has been provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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