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Jon Durfee Acquires Retail Property In Grove Area For $5.2M

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SOLD
$5,200,000

California

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Retail5,900 SF
Sold 06/03/2022
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Property Image
SOLD

Jon Durfee Acquires Retail Property In Grove Area For $5.2M

7470 Beverly Boulevard, Los Angeles, California 90036, United States

See Similar Deals
Retail5,900 SF
Sold 06/03/2022
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$881
Total Square Footage:5,900 SF
Transaction Type:Sale

The retail property located at 7470 Beverly Blvd. in the Grove Area has been sold for a total price of $5,200,000. The property spans over 5,900 square feet, resulting in a price per square foot of $881. The transaction took place on 06/03/2022 and was facilitated by Steve Anavim of Conroy Commercial, who represented both the buyer, Jon Durfee, and the seller, Stefan Lawrence.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,200,000
  • Address: 7470 Beverly Blvd.
  • Market: Grove Area
  • SF: 5,900
  • PPSF: $881

This successful deal was made possible through the efforts of Steve Anavim, a representative of Conroy Commercial. His expertise and negotiation skills were instrumental in facilitating a smooth transaction between Jon Durfee and Stefan Lawrence.

Players

Steve Anavim
12 deals$65.3M volume
BROKER

Details

SOLD
IMAGE: Steve Anavim DATE: 06/03/2022 ADDRESS: 7470 Beverly Blvd. MARKET: Grove Area ASSET TYPE: Retail BUYER: Jon Durfee SELLER: Stefan Lawrence BROKER: Steve Anavim (@SteveAnavim) - Conroy Commercial (@ConroyCommercial) SALE PRICE: $5,200,000 SF: 5,900 ~ PPSF: $881

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$18,474.52
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