US Cosmo Plastics Sells Retail Property In Los Angeles For $5M
SOLD
$5,000,000
California
See Similar DealsRetail9,716 SF
Sold 03/24/2021
SOLD
US Cosmo Plastics Sells Retail Property In Los Angeles For $5M
627 North Vermont Avenue, Los Angeles, CA, USA
See Similar DealsRetail9,716 SF
Sold 03/24/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$514
Total Square Footage:9,716 SF
Transaction Type:Sale
Located at 627 N. Vermont Avenue in Los Angeles, this retail property was recently sold in a transaction completed on 03/24/2021. The asset, spanning 9,716 square feet, was purchased by an undisclosed buyer for a sale price of $5,000,000. The property was previously owned by US Cosmo Plastics and was listed with an asking price of $4,950,000. The sale price translates to a price per square foot of $514.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 627 N. Vermont Avenue, Los Angeles
- Market: Los Angeles
- Square Footage: 9,716
The sale of this retail property was facilitated by Elizabeth Clark and Laura Milshteyn, both representatives from Compass. They acted as brokers in the transaction. Their roles were critical in ensuring the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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