Updated Oct 29, 2024
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
About this deal
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
- 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.
On the Map
$2,150,000
$735/SF
Retail
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Players
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