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
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