Michael Sarlo Acquires Retail Property On W. Manchester Ave. In Los Angeles For $2.4M
SOLD
$2,448,000
+ 1
California
See Similar DealsRetail4,254 SF
Sold 07/14/2022
SOLD
Michael Sarlo Acquires Retail Property On W. Manchester Ave. In Los Angeles For $2.4M
6200 West Manchester Avenue
See Similar DealsRetail4,254 SF
Sold 07/14/2022
+ 1
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$575
Total Square Footage:4,254 SF
Transaction Type:Sale
The retail property located at 6200 W. Manchester Ave. in Los Angeles has been sold in a transaction. The property spans across 4,254 square feet and was sold for a total price of $2,448,000, resulting in a price per square foot of $575.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,448,000
- Square Footage: 4,254
- Address: 6200 W. Manchester Ave.
- Market: Los Angeles
The buyer of the property is Michael Sarlo, while the sellers are The Blatt Family Trust and The Gloria Peri Bruce Living Trust. The buyer was represented by Scott Rosenberg of Kidder Mathews, and the sellers were represented by T.C. Macker from WESTMAC Commercial Brokerage Company and Bill Ukropina from Coldwell Banker Commercial Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,560.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,697.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,604.77
Annual Debt Service$139,257.23
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