Updated Oct 28, 2024
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
About this deal
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.
On the Map
$10,206,000
$587/SF
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Players
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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