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
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