Iberia Martinez Acquires Retail Property In Highland Park For $6.7M
6029-6039 N Figueroa St
$6,700,000
$515/SF
Building Size
13,000 SF
Asset Type
Retail
Closing
Jan 20, 2023
AI
The property involved in this transaction is a retail asset located at 6029-6039 N Figueroa St in Highland Park. The property spans approximately 13,000 square feet. The sale price for this property was $6,700,000, resulting in a price per square foot of $515.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,700,000
- Address: 6029-6039 N Figueroa St
- Market: Highland Park
- Square Footage: 13,000
- Buyer: Iberia Martinez
- Seller: David Soroudi
- Brokers: Matthew Luchs & Brandon Michaels - Brandon Michaels Group
The buyer in this transaction is Iberia Martinez, and the seller is David Soroudi. The deal was facilitated by brokers Matthew Luchs and Brandon Michaels from the Brandon Michaels Group.
Players
Market 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93