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2026 N Highland Ave, Los An...

Xenon Investments Acquires Property At 2026 N Highland Ave Los Angeles For $28 Million With Broker John Montakab
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...

$28,000,000

$413/SF

Building Size

67,700 SF

Asset Type

Closing

Nov 20, 2023

AI

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.

Players

John Montakab

Walker & Dunlop

Broker

$125.1M

vol

4 deals

Broker
CBRE
CBREBrokerage

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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93