Jade Enterprises Acquires Retail Property In West Hollywood For $8.1M
8361 West Third Street, West Hollywood, California 90048, United States
$8,100,000
$992/SF
Building Size
8,159 SF
Asset Type
Retail
Closing
Apr 26, 2022
AI
An 8,159 square foot retail property located at 8361-8371 W. 3rd St. in West Hollywood has been sold for $8,100,000. The sale was completed on April 27, 2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $8,100,000
- Square Footage: 8,159
- Price per Square Foot: $992
- Market: West Hollywood
The buyer, Jade Enterprises, was represented by David Taban. The seller, The Shine Trust, was represented by Jon Richmond. The transaction was facilitated by brokers Elizabeth Clark from Compass, Chris Chasin from Keller Williams, and Brandon Cohan from Brandon Cohan Real Estate.
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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93