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8445 West Third Street

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

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

Jared Swedelson

NAI Global

Broker

$119.2M

vol

18 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

4.33%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93