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6114 North Figueroa Street,...

Jinku Park Acquires Retail Property In Highland Park For $1.92M
SOLDRetail

Jinku Park Acquires Retail Property In Highland Park For $1.92M

6114 North Figueroa Street, Los Angeles, CA, USA

$1,920,000

$353/SF

Building Size

5,431 SF

Asset Type

Retail

Closing

Oct 7, 2021

AI

The sale of a retail property in Highland Park, located at 6114-6120 N. Figueroa St, took place on October 7, 2021. The property, spanning 5,431 square feet, was sold for $1,920,000, resulting in a price per square foot of $353. The buyers, represented by Brandon Gill from Cushman & Wakefield, acquired the property from the sellers, Donnalee Warren and Dorothy Whiting. Brad Wetherby, Ryan Serling, and Martin Agnew from Marcus & Millichap acted as the sellers' representatives in this transaction.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $1,920,000
  • Address: 6114-6120 N. Figueroa St
  • Market: Highland Park
  • Square Footage: 5,431
  • Price per Square Foot: $353

The involvement of Brandon Gill from Cushman & Wakefield as the buyer's representative and Brad Wetherby, Ryan Serling, and Martin Agnew from Marcus & Millichap as the seller's representatives added expertise and ensured a smooth transaction for both parties involved.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

Donnalee Warren

Seller

$5.7M

vol

4 deals

Seller

Los Angeles 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

8.26%

Cash-on-Cash

-2.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93