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6500 Foothill Blvd, Tujunga...

Armkar Entertainment Acquires Retail Property In Los Angeles For $1.5M
SOLDRetail

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

Tai Kagehiro

Compass

Broker

$43.8M

vol

11 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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