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Lau Chun Sik Sells Retail Property On Santa Monica Blvd In West Hollywood For $1.5M

Property Image
SOLD
$1,500,000
Matthew Collin Lee
Tai Kagehiro
Elizabeth Clark

California

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Retail3,859 SF
Sold 05/27/2022
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Property Image
SOLD

Lau Chun Sik Sells Retail Property On Santa Monica Blvd In West Hollywood For $1.5M

8242 Santa Monica Boulevard, West Hollywood, California 90046, United States

See Similar Deals
Retail3,859 SF
Sold 05/27/2022
Matthew Collin Lee
Tai Kagehiro
Elizabeth Clark
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$388
Total Square Footage:3,859 SF
Transaction Type:Sale

The retail property located at 8242 Santa Monica Blvd. in West Hollywood has been sold for $1,500,000. The property spans 3,859 square feet and has a price per square foot of $388. The transaction took place on May 27, 2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,500,000
  • Address: 8242 Santa Monica Blvd.
  • Market: West Hollywood
  • Square Footage: 3,859
  • Price per Square Foot: $388

The seller of the property was Lau Chun Sik. The deal was brokered by Matt Lee of Lilly Enterprises, Inc., and Elizabeth Clark & Tai Kagehiro. They represented the seller in the transaction.

Players

Tai Kagehiro
Compass
Tai Kagehiro
11 deals$43.8M volume
BROKER
Matthew Collin Lee
Lilly Enterprises Inc
Matthew Collin Lee
4 deals$8.1M volume
BROKER
Elizabeth Clark
Kidder Mathews
Elizabeth Clark
58 deals$181.6M volume(310) 740-7283
BROKER
Douglas Elliman
Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Elizabeth Clark, Matt Lee & Tai Kagehiro DATE: 05/27/2022 ADDRESS: 8242 Santa Monica Blvd. MARKET: West Hollywood ASSET TYPE: Retail SELLER: Lau Chun Sik BROKERS: Matt Lee (@MattCollinLee) - Lilly Enterprises, Inc., Elizabeth Clark (@ElizabethClark_CRE) & Tai Kagehiro (@Instaigram) SALE PRICE: $1,500,000 SF: 3,859 ~ PPSF: $388

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18