Alon Hakakian Acquires Retail Property At 4000 Lincoln Boulevard For $4.99M With Chris Chasin As Buyer's Rep
SOLD
California
See Similar DealsRetail8,724 SF
Sold 02/20/2025
SOLD
Alon Hakakian Acquires Retail Property At 4000 Lincoln Boulevard For $4.99M With Chris Chasin As Buyer's Rep
4000 Lincoln Boulevard
See Similar DealsRetail8,724 SF
Sold 02/20/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$573
Total Square Footage:8,724 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.55
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