Updated May 12, 2025
Seven Ark Acquires 14,176 SF Property On W Pico Blvd For $6.5M
8600 W Pico Blvd, Los Angeles, CA, USA
$6,495,000
$458/SF
Building Size
14,176 SF
Asset Type
Retail
Closing
Jul 23, 2019
About this deal
AI
The property located at 8600 W Pico Blvd was sold for $6,495,000. This asset has a total square footage of 14,176, translating to a price per square foot of $458.17. The seller of the property was 8600 Pico Blvd, LLC.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $6,495,000
- Address: 8600 W Pico Blvd
- Buyer: Seven Ark, LLC
- Seller: 8600 Pico Blvd, LLC
- Broker: Brandon Michaels
- Square Footage: 14,176
- Price Per Square Foot: $458.17
The transaction was facilitated by broker Brandon Michaels, who played a key role in representing the deal dynamics. The buyer was Seven Ark, LLC, which successfully acquired the property from the seller, 8600 Pico Blvd, LLC.
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93