Ryan Gurman & Blake Mirkin Of CBRE Represent Buyer And Seller In $4.7M Retail Sale In Los Angeles
SOLD
$4,700,000
California
See Similar DealsRetail4,261 SF
Sold 04/09/2025
SOLD
Ryan Gurman & Blake Mirkin Of CBRE Represent Buyer And Seller In $4.7M Retail Sale In Los Angeles
9769 West Pico Boulevard
See Similar DealsRetail4,261 SF
Sold 04/09/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,103
Total Square Footage:4,261 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 9769 West Pico Boulevard, Los Angeles. The sale price of the asset was $4,700,000, encompassing a total square footage of 4,261. The price per square foot for this retail property is $1,103.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,700,000
- Square Footage: 4,261
- Price Per Square Foot: $1,103
- Address: 9769 West Pico Boulevard, Los Angeles
The individuals representing both the buyer and the seller in this transaction are Ryan Gurman and Blake Mirkin from CBRE. Their involvement facilitated the closing of this retail property deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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