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

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SOLD
$67,500,000

California

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Retail93,293 SF
Sold 09/17/2025
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SOLD

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

See Similar Deals
Retail93,293 SF
Sold 09/17/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$723
Total Square Footage:93,293 SF
Transaction Type:Sale

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

7 deals$220.3M volume
BROKER

Omid Broukhim
8 deals$266.8M volume
BROKER


Eastdil Secured
BROKERAGE

Details

SOLD
IMAGE: David Maghen, Omid Broukhim & Chase Levra DATE: 9/17/2025 ADDRESS: 11270 West Olympic Boulevard MARKET: Los Angeles ASSET TYPE: Retail BUYER'S REP: Omid Broukhim – BARAK Investors Group & David Maghen – MIP Investment Corp SELLER'S REP: Chase Levra - Eastdil Secured (@EastdilSecured) SALE PRICE: $67,500,000 SF: 93,293 ~ PPSF: $723

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,600,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$239,813.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$319,984.44
Annual Debt Service$3,839,813.24