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4000 Lincoln Boulevard

Alon Hakakian Acquires Retail Property At 4000 Lincoln Boulevard For $4.99M With Chris Chasin As Buyer's Rep
SOLDRetail

Alon Hakakian Acquires Retail Property At 4000 Lincoln Boulevard For $4.99M With Chris Chasin As Buyer's Rep

4000 Lincoln Boulevard

$4,999,999

$573/SF

Building Size

8,724 SF

Asset Type

Retail

Closing

Feb 20, 2025

AI

The property asset involved in the transaction is located at 4000 Lincoln Boulevard in Marina del Rey. It is categorized as retail space and has a total square footage of 8,724. The transaction was completed for a price of $4,999,999.00.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,999,999.00
  • Address: 4000 Lincoln Boulevard
  • Market: Marina del Rey
  • Square Footage: 8,724.0
  • Buyer: Alon Hakakian
  • Seller: Masaharu Shirako
  • Buyer's Representative: Chris Chasin (Partners CRE)

Key individuals involved in this transaction include the buyer, Alon Hakakian, and the seller, Masaharu Shirako, who facilitated the sale. Chris Chasin from Partners CRE represented the buyer in this deal.

Players

Chris Chasin

Partners CRE

Broker

$82M

vol

12 deals

Broker

Marina Del Rey 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93