South Park Group Acquires Retail Property On Beverly Blvd In Los Angeles For $3M
SOLD
$3,000,000
California
See Similar DealsRetail2,868 SF
Sold 10/21/2022
SOLD
South Park Group Acquires Retail Property On Beverly Blvd In Los Angeles For $3M
8325 Beverly Boulevard
See Similar DealsRetail2,868 SF
Sold 10/21/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,046
Total Square Footage:2,868 SF
Transaction Type:Sale
A retail property located at 8325 Beverly Blvd in Los Angeles, CA has been sold for $3,000,000. The property spans 2,868 square feet and was sold at a price per square foot of $1,046.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 8325 Beverly Blvd, Los Angeles, CA
- Square Footage: 2,868
- Price per Square Foot: $1,046
Steve Ravan from South Park Group represented the buyer in this transaction, while David Aschkenasy from Commercial Asset Group represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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