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7470 Beverly Boulevard, Los...

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

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

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

$5,200,000

$881/SF

Building Size

5,900 SF

Asset Type

Retail

Closing

Jun 2, 2022

AI

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

Conroy Commercial

Broker

$65.3M

vol

12 deals

Broker

Stefan Lawrence

Seller

$12.2M

vol

2 deals

Seller

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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93