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8416 Pershing Dr, Playa del...

Chris Shahinian Acquires Playa Del Rey Property For $2.75M
SOLDRetail

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

Chris Shahinian

Broker

$8.3M

vol

4 deals

Broker

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