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6200 West Manchester Avenue

Michael Sarlo Acquires Retail Property On W. Manchester Ave. In Los Angeles For $2.4M
SOLDRetail

Michael Sarlo Acquires Retail Property On W. Manchester Ave. In Los Angeles For $2.4M

6200 West Manchester Avenue

$2,448,000

$575/SF

Building Size

4,254 SF

Asset Type

Retail

Closing

Jul 14, 2022

AI

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.

Players

T.C. Macker

WESTMAC Commercial Brokerage Company

Broker

$483.6M

vol

65 deals

Broker

Michael Sarlo

Buyer

$6.2M

vol

2 deals

Buyer

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

6.48%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93