Compass Commercial And Kidder Mathews Brokers Secure $10.2M Special Purpose Sale In Los Angeles
SOLD
$10,206,000
+ 1
California
See Similar Deals17,370 SF
Sold 05/09/2022
SOLD
Compass Commercial And Kidder Mathews Brokers Secure $10.2M Special Purpose Sale In Los Angeles
1012 North Joels Place, Los Angeles, CA 90012
See Similar Deals17,370 SF
Sold 05/09/2022
+ 1
Summary
CALIFORNIA
Price Per Square Foot:$587
Total Square Footage:17,370 SF
Transaction Type:Sale
Located in Los Angeles, the special purpose property at 1012 North Joels Pl. was recently sold in a closed transaction. The property spans over 17,370 square feet, with a price per square foot of $587. The sale price for this transaction was $10,206,000.
Summary of Transaction Details:
- Property Type: Special Purpose
- Transaction Amount: $10,206,000
- Square Footage: 17,370
- Price per Square Foot: $587
- Address: 1012 North Joels Pl., Los Angeles
The sellers of the property were Daniel Bernstein & Associates. The deal was facilitated by the team of Elizabeth Clark, Olivia Robertson, and Tai Kagehiro from Compass Commercial, along with Jay Martinez from Kidder Mathews.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,320.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,259.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,381.65
Annual Debt Service$580,579.76
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