Krystal Group Purchases Retail Asset At 9517 - 9523 Culver Boulevard For $7 Million
SOLD
$7,000,000
California
See Similar DealsRetail12,738 SF
Sold 12/26/2025
SOLD
Krystal Group Purchases Retail Asset At 9517 - 9523 Culver Boulevard For $7 Million
9517 Culver Boulevard & 9523 Culver Boulevard
See Similar DealsRetail12,738 SF
Sold 12/26/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$549
Total Square Footage:12,738 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 9517 - 9523 Culver Boulevard in Culver City, featuring a retail asset type. The sale price was $7,000,000, with a total square footage of 6,369, equating to a price per square foot of $1,099.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 9517 - 9523 Culver Boulevard
- Market: Culver City
- Square Footage: 6,369
- Price Per Square Foot: $1,099
- Buyer: Krystal Group
- Buyer's Representative: Vanessa Haddad - Marcus & Millichap
- Seller's Representative: Zachary Card - CBRE
The deal involved Krystal Group as the buyer, represented by Vanessa Haddad from Marcus & Millichap. The seller was represented by Zachary Card from CBRE, highlighting the brokerage involvement in this transaction.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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