Dave Ravanshe Purchases Retail Property From Stevan Deck For $3.05 Million In Los Angeles
700 North Heliotrope Drive
$3,050,000
$408/SF
Building Size
7,469 SF
Asset Type
Retail
Closing
Jul 31, 2025
AI
The retail property located at 700 North Heliotrope Drive in Los Angeles has been sold for a transaction amount of $3,050,000. The asset encompasses a total square footage of 7,469, resulting in a price per square foot of $408.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Address: 700 North Heliotrope Drive
- Market: Los Angeles
- Square Footage: 7,469
- Price per Square Foot: $408
- Buyer: Dave Ravanshe
- Seller: Stevan Deck
- Buyer's Representative: Jake Zacuto & Justin Kreisberg - Zacuto Group
- Seller's Representative: Mark Sigler - Voit Real Estate Services
Jake Zacuto and Justin Kreisberg from the Zacuto Group represented the buyer in this transaction. Meanwhile, the seller was represented by Mark Sigler from Voit Real Estate Services, facilitating the closure of the deal between Dave Ravanshe and Stevan Deck.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93