Evan Kroust Acquires Retail Property In Los Angeles For $7.2M With Brokers Zacuto Group
SOLD
$7,200,000
California
See Similar DealsRetail6,134 SF
Sold 12/13/2022
SOLD
Evan Kroust Acquires Retail Property In Los Angeles For $7.2M With Brokers Zacuto Group
921 North La Cienega Boulevard
See Similar DealsRetail6,134 SF
Sold 12/13/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,173
Total Square Footage:6,134 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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