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9769 West Pico Boulevard

Ryan Gurman & Blake Mirkin Of CBRE Represent Buyer And Seller In $4.7M Retail Sale In Los Angeles
SOLDRetail

Ryan Gurman & Blake Mirkin Of CBRE Represent Buyer And Seller In $4.7M Retail Sale In Los Angeles

9769 West Pico Boulevard

$4,700,000

$1,103/SF

Building Size

4,261 SF

Asset Type

Retail

Closing

Apr 9, 2025

AI

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.

Players

Ryan Gurman

CBRE

Broker

$35.9M

vol

14 deals

Broker

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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93