Shane Dulgeroff Sells Retail Property In Los Angeles For $5M
6429 Riggs Pl, Los Angeles, CA, USA
$5,000,000
$822/SF
Building Size
6,078 SF
Asset Type
Retail
Closing
Jul 31, 2021
AI
The retail property located at 6429 Riggs Pl. in Los Angeles has been sold in a recent transaction. The property was listed for sale by Shane Dulgeroff and was ultimately sold for a sale price of $5,000,000. The asking price for the property was $5,500,000. The exact square footage and price per square foot of the property are not mentioned in the available information.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,000,000
Shane Dulgeroff, a broker representing the sale, facilitated the transaction for the retail property located at 6429 Riggs Pl. in Los Angeles.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93