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
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