CBRE Acquires Retail Property In Los Angeles For $2.15M
SOLD
$2,150,000
+ 2
California
See Similar DealsRetail2,925 SF
Sold 04/14/2023
SOLD
CBRE Acquires Retail Property In Los Angeles For $2.15M
7414 Santa Monica Boulevard
See Similar DealsRetail2,925 SF
Sold 04/14/2023
+ 2
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$735
Total Square Footage:2,925 SF
Transaction Type:Sale
The property involved in this closed transaction is a retail asset located at 7414 Santa Monica Boulevard in Los Angeles. The property spans a total of 2,925 square feet. The sale price for this transaction was $2,150,000, resulting in a price per square foot of $735.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,150,000
- Address: 7414 Santa Monica Boulevard
- Market: Los Angeles
- Square Footage: 2,925
- Buyer's Representative: Bronson Morgan, Sam Glendon, and Ryan Gurman - CBRE
- Seller's Representative: Matthew Luchs and Brandon Michaels - Marcus & Millichap
The buyer was represented by Bronson Morgan, Sam Glendon, and Ryan Gurman from CBRE, while the seller was represented by Matthew Luchs and Brandon Michaels from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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