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
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