Updated Sep 21, 2026
Pete Baxter Purchases Retail Asset From Danny Lennon In Los Angeles For $1,625,000
736 North Highland Avenue
$1,625,000
$421/SF
Building Size
3,856 SF
Asset Type
Retail
Closing
Sep 4, 2026
About this deal
AI
The retail property located at 736 North Highland Avenue in Los Angeles has sold for $1,625,000. This asset encompasses a total square footage of 3,856, translating to a price per square foot of $421.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,625,000
- Address: 736 North Highland Avenue
- Market: Los Angeles
- Square Footage: 3,856
- Price Per Square Foot: $421
- Buyer: Pete Baxter
- Seller: Danny Lennon
- Broker: Floyd Shaheen - Marcus & Millichap
The transaction was facilitated by Floyd Shaheen of Marcus & Millichap, who represented the seller, Danny Lennon, in this real estate deal.
On the Map
$1,625,000
$421/SF
Retail
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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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93