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Adolfo Suaya Sells Retail Space Formerly Sushi Roku For $3.66M In Los Angeles With Jared Swedelson & David Passman As Reps

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SOLD
$3,660,000

California

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Retail3,276 SF
Sold 08/12/2024
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Property Image
SOLD

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

See Similar Deals
Retail3,276 SF
Sold 08/12/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,117
Total Square Footage:3,276 SF
Transaction Type:Sale

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

Jared Swedelson
18 deals$119.2M volume
BROKER

David Passman
The Passman Group
6 deals$22.1M volume
BROKER

Details

SOLD
IMAGE: Jared Swedelson & David Passman DATE: 08/12/2024 ADDRESS: 8445 West Third Street MARKET: Los Angeles ASSET TYPE: Retail SELLER: Adolfo Suaya SELLER'S REP: Jared Swedelson (@JaredSwedelson) - NAI Global (@NAI.Global) BUYER'S REP: David Passman - Passman Group SALE PRICE: $3,660,000 SF: 3,276 ~ PPSF: $1,117 NOTE FROM BROKERS: Adolfo Suaya sold his first commercial property on 3rd Street, which was previously known as the iconic Sushi Roku restaurant.

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,003.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,350.27
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