Updated Dec 18, 2023
Mike Tawil Acquires Retail Property In Los Angeles From Rush Patel For $3.02M
7117 Vermont Ave, Los Angeles, CA, USA
$3,020,000
$468/SF
Building Size
6,452 SF
Asset Type
Retail
Closing
Dec 7, 2020
About this deal
AI
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.
On the Map
$3,020,000
$468/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
5.25%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93