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
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