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
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