Updated Oct 28, 2024
M. David Family Holdings Acquires Retail Property In Fox Hills For $35M
6855 South La Cienega Boulevard, Los Angeles, CA, USA
$35,000,000
$1,188/SF
Building Size
29,456 SF
Asset Type
Retail
Closing
Sep 23, 2021
About this deal
AI
The retail property located at 6855 La Cienega Boulevard in Fox Hills has been sold for a price of $35,000,000. The property spans across 29,456 square feet, resulting in a price per square foot of $1,188. The transaction took place on September 23, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $35,000,000
- Address: 6855 La Cienega Boulevard
- Market: Fox Hills
The buyer of the property is M. David Family Holdings, while the seller is Red Mountain Retail Group. Representing the buyer in this transaction is Kevin Held of Cushman & Wakefield. On the seller's side, Bill Bauman, Kyle Miller, and Matt Schwartz of Newmark acted as the representatives. No additional information about the deal's key individuals or companies was provided.
On the Map
$35,000,000
$1,188/SF
Retail
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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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93