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7414 Santa Monica Boulevard

CBRE Acquires Retail Property In Los Angeles For $2.15M
SOLDRetail

CBRE Acquires Retail Property In Los Angeles For $2.15M

7414 Santa Monica Boulevard

$2,150,000

$735/SF

Building Size

2,925 SF

Asset Type

Retail

Closing

Apr 14, 2023

AI

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

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.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

Market 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93