Johnathan Pach Of Compass Represents Buyer In $4.51M Retail Sale At 5969 Melrose Avenue
SOLD
$4,505,000
California
See Similar DealsRetail8,247 SF
Sold 06/03/2025
SOLD
Johnathan Pach Of Compass Represents Buyer In $4.51M Retail Sale At 5969 Melrose Avenue
5969 Melrose Avenue
See Similar DealsRetail8,247 SF
Sold 06/03/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$546
Total Square Footage:8,247 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 5969 Melrose Avenue in Los Angeles. This retail asset has a total square footage of 8,247 and was sold for $4,505,000, translating to a price per square foot of $546.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,505,000
- Address: 5969 Melrose Avenue
- Market: Los Angeles
- Square Footage: 8,247
- Price Per Square Foot: $546
- Buyer's Representative: Johnathan Pach - Compass
- Seller's Representatives: Bronson Morgan & Ryan Gurman - CBRE
In this transaction, the representatives for the buyer and seller were instrumental in facilitating the deal. Johnathan Pach from Compass represented the buyer, while Bronson Morgan and Ryan Gurman from CBRE acted as representatives for the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,005.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,356.00
Annual Debt Service$256,271.98
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