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635 North Western Avenue, L...

Ben Bandarizadeh Acquires Retail Property In Los Angeles For $2.75M
SOLDRetail

Ben Bandarizadeh Acquires Retail Property In Los Angeles For $2.75M

635 North Western Avenue, Los Angeles, CA 90004, USA

$2,750,000

$500/SF

Building Size

5,500 SF

Asset Type

Retail

Closing

Sep 24, 2021

AI

The retail property located at 635 N. Western Avenue in Los Angeles has been sold for a total price of $2,750,000. The property spans across 5,500 square feet, resulting in a price per square foot of $500. The sale was facilitated by William B. Althouse, who represented both the buyer, Ben Bandarizadeh, and the sellers, Ken Winett & Stacy Winett.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,750,000
  • Address: 635 N. Western Avenue, Los Angeles
  • Square Footage: 5,500
  • Price Per Square Foot: $500
  • Buyer: Ben Bandarizadeh
  • Seller: Ken Winett & Stacy Winett
  • Broker: William B. Althouse

The successful sale of this retail property was made possible through the representation of William B. Althouse from the agency. Both the buyer, Ben Bandarizadeh, and the sellers, Ken Winett & Stacy Winett, were involved in the transaction. The property offers a total of 5,500 square feet of space at a price of $500 per square foot.

Players

William Althouse

WESTMAC Commercial Brokerage Company

Broker

$84.4M

vol

13 deals

Broker

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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93