just CLOSED!

7200-7218 S. broadway & 248-256 W. Florence Avenue
Los angeles, CA 90003

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SALE PRICE: $4,600,000

14 RETAIL STORES & 3 APARTMENTS​

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The Hirth Group is pleased to announce the successful closing of 256 W Florence Ave and 7200-7218 S Broadway! Alex Reyhan and Daniel Hirth represented both the buyer and seller in this transaction, securing an all-cash buyer with a 14-day due diligence period and a 21-day close. Daniel & Alex helped the buyers secure their first commercial acquisition, which traded at a CAP rate of 6.98% at full occupancy.

Located at the prominent intersection of Florence Avenue and Broadway, 256 W. Florence Avenue and 7200-7218 S. Broadway consist of four parcels. The properties include fourteen retail storefronts and three residential units, spanning approximately 17,074 square feet of building space on a ±24,812 square foot lot. Despite uncertainty in the commercial real estate market, Alex Reyhan and Daniel Hirth successfully navigated these challenges.

At The Hirth Group, we take pride in supporting our clients in every aspect of their transactions, adding value for both sellers and buyers.

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