Armkar Entertainment Acquires Retail Property In Los Angeles For $1.5M
SOLD
$1,525,000
California
See Similar DealsRetail1,110 SF
Sold 06/22/2021
SOLD
Armkar Entertainment Acquires Retail Property In Los Angeles For $1.5M
6500 Foothill Blvd, Tujunga, Los Angeles, CA, USA
See Similar DealsRetail1,110 SF
Sold 06/22/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,373
Total Square Footage:1,110 SF
Transaction Type:Sale
Armkar Entertainment has acquired a retail property located at 6500 Foothill Blvd in Los Angeles. The transaction took place on June 22, 2021, with a sale price of $1,525,000. The property spans 1,110 square feet, resulting in a price per square foot of $1,373. The seller, Robert L Estate, was represented by Elizabeth Clark and Tai Kagehiro of an undisclosed agency.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,525,000
- Square Footage: 1,110
- Price per Square Foot: $1,373
Elizabeth Clark and Tai Kagehiro played a crucial role as brokers in facilitating the deal between Armkar Entertainment and Robert L Estate. Their expertise and negotiation skills contributed to the successful completion of the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$81,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,229.28
Annual Debt Service$86,751.34
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