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921 North La Cienega Boulevard

Evan Kroust Acquires Retail Property In Los Angeles For $7.2M With Brokers Zacuto Group
SOLDRetail

Evan Kroust Acquires Retail Property In Los Angeles For $7.2M With Brokers Zacuto Group

921 North La Cienega Boulevard

$7,200,000

$1,173/SF

Building Size

6,134 SF

Asset Type

Retail

Closing

Dec 13, 2022

AI

A retail property located at 921 North La Cienega Boulevard in Los Angeles has been sold for $7,200,000. The property spans 6,134 square feet and was sold at a price per square foot of $1,174. The transaction took place on December 13, 2022.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $7,200,000
  • Square Footage: 6,134
  • Price per Square Foot: $1,174
  • Date: December 13, 2022

Evan Kroust is the buyer of the property, and John Nelson is the seller. The deal was facilitated by brokers Jake Zacuto, Leor Binshtock, and John Logan from Zacuto Group.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93