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1012 North Joels Place, Los...

Compass Commercial And Kidder Mathews Brokers Secure $10.2M Special Purpose Sale In Los Angeles
SOLD

Compass Commercial And Kidder Mathews Brokers Secure $10.2M Special Purpose Sale In Los Angeles

1012 North Joels Place, Los Angeles, CA 90012

$10,206,000

$587/SF

Building Size

17,370 SF

Asset Type

Closing

May 8, 2022

AI

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

Jay Martinez

Kidder Mathews

Broker

$145.3M

vol

41 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93