Adolfo Suaya Sells Retail Space Formerly Sushi Roku For $3.66M In Los Angeles With Jared Swedelson & David Passman As Reps
8445 West Third Street
$3,660,000
$1,117/SF
Building Size
3,276 SF
Asset Type
Retail
Closing
Aug 12, 2024
AI
The property asset involved in the transaction is a retail space located at 8445 West Third Street in Los Angeles. The sale price was $3,660,000, and the property encompasses 3,276 square feet, resulting in a price per square foot of $1,117.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,660,000
- Square Footage: 3,276
- Price Per Square Foot: $1,117
- Seller: Adolfo Suaya
- Seller's Representative: Jared Swedelson - NAI Global
- Buyer's Representative: David Passman - Passman Group
- Market: Los Angeles
Adolfo Suaya sold his first commercial property on 3rd Street, which was previously known as the iconic Sushi Roku restaurant. Jared Swedelson from NAI Global represented the seller, while David Passman from Passman Group represented the buyer in this transaction.
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
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93