Armkar Entertainment Acquires Retail Property In Los Angeles For $1.5M
6500 Foothill Blvd, Tujunga, Los Angeles, CA, USA
$1,525,000
$1,373/SF
Building Size
1,110 SF
Asset Type
Retail
Closing
Jun 21, 2021
AI
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
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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93