Mike Tawil Acquires Retail Property In Los Angeles From Rush Patel For $3.02M

A retail property located at 7117 Vermont Ave. in Los Angeles has been sold in a transaction on 12/08/2020. The property, with a size of 6,452 square feet, was sold for a price of $3,020,000, resulting in a price per square foot of $468. The transaction was completed with a 5.9% capitalization rate. Chris Comfort represented both the buyer and the seller as the broker.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,020,000
• Address: 7117 Vermont Ave., Los Angeles
• Size: 6,452 square feet
• Price per Square Foot: $468
• Capitalization Rate: 5.9%

Mike Tawil was the buyer in this transaction, while Rush Patel acted as the seller. The deal was successfully facilitated by Chris Comfort from the Comfort Agency.