William B. Althouse Facilitates $3M Sale Of Retail Property In Los Angeles
6229 West 87th Street, Los Angeles, California 90045, United States
$3,000,000
$500/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Apr 11, 2022
AI
The retail property located at 6229-6235 W. 87th Street in Los Angeles has been sold for $3,000,000. The property spans 6,000 square feet and was sold at a price per square foot of $500. The seller of the property was Nancy Veits.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 6229-6235 W. 87th Street
- Market: Los Angeles
- Square Footage: 6,000
The sale of this retail property was facilitated by William B. Althouse of WESTMAC Commercial Brokerage Company, who represented Nancy Veits.
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93