Xenon Investments Acquires Property At 2026 N Highland Ave Los Angeles For $28 Million With Broker John Montakab
SOLD
$28,000,000
California
See Similar Deals67,700 SF
SOLD
Xenon Investments Acquires Property At 2026 N Highland Ave Los Angeles For $28 Million With Broker John Montakab
2026 N Highland Ave, Los Angeles, CA...
See Similar Deals67,700 SF
Summary
CALIFORNIA
Price Per Square Foot:$413
Total Square Footage:67,700 SF
Transaction Type:Sale
The property involved in this transaction is located at 2026 N Highland Ave, Los Angeles, CA, within the Los Angeles market. The transaction price was $28,000,000.00, and the property encompasses a total area of 67,700 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $28,000,000.00
- Address: 2026 N Highland Ave, Los Angeles, CA
- Market: Los Angeles
- Buyer: Xenon Investments
- Seller's Representative: John Montakab-Walker & Dunlop
Xenon Investments was the buyer in this transaction, with John Montakab-Walker & Dunlop representing the seller in the deal. The transaction reflects the ongoing activity in the Los Angeles real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42
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