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11270 West Olympic Boulevard

Omid Broukhim Of BARAK Investors Group And David Maghen Of MIP Investment Corp Buy Retail Asset In Los Angeles For $67.5M
SOLDRetail

Omid Broukhim Of BARAK Investors Group And David Maghen Of MIP Investment Corp Buy Retail Asset In Los Angeles For $67.5M

11270 West Olympic Boulevard

$67,500,000

$723/SF

Building Size

93,293 SF

Asset Type

Retail

Closing

Sep 17, 2025

AI

The asset involved in this transaction is a retail property located at 11270 West Olympic Boulevard in the Los Angeles market. The sale price for this property was $67,500,000, covering an area of 93,293 square feet, which translates to a price per square foot of $723.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $67,500,000
  • Address: 11270 West Olympic Boulevard
  • Market: Los Angeles
  • Square Footage: 93,293
  • Price Per Square Foot: $723
  • Buyer's Representative: Omid Broukhim – BARAK Investors Group
  • Buyer's Representative: David Maghen – MIP Investment Corp
  • Seller's Representative: Chase Levra - Eastdil Secured

This transaction was facilitated by Omid Broukhim and David Maghen, representing the buyer, while Chase Levra represented the seller in this deal. The successful collaboration between these entities highlights their involvement in completing the transaction seamlessly.

Players

David Maghen

Broker

$220.3M

vol

7 deals

Broker
Eastdil Secured
Eastdil SecuredBrokerage

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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93