Chris Shahinian Acquires Playa Del Rey Property For $2.75M
8416 Pershing Dr, Playa del Rey, CA, USA
$2,750,000
$436/SF
Building Size
6,297 SF
Asset Type
Retail
Closing
Aug 4, 2019
AI
A property in Playa Del Rey has recently been sold for $2,750,000. The property, located at 8416 Pershing Dr, was sold on 08/05/19. The transaction was facilitated by Chris Shahinian from Central Realty Advisors. The property is situated in a desirable market in Playa Del Rey.
Summary of transaction details
- Property Type: Not mentioned
- Transaction Amount: $2,750,000
- Brokers: Chris Shahinian - Central Realty Advisors
- Date: 08/05/19
- Address: 8416 Pershing Dr
- Market: Playa Del Rey
The successful sale of the property can be attributed to the expertise and professionalism of Chris Shahinian from Central Realty Advisors. Their knowledge of the Playa Del Rey market and their negotiation skills ensured a smooth and beneficial transaction for both parties involved.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93