Updated Oct 28, 2024
Onni Group Acquires Commercial Asset In West Los Angeles For $65M
11460 Gateway Boulevard, Los Angeles, California 90064, United States
$65,000,000
$4,452/SF
Building Size
14,600 SF
Asset Type
Commercial
Closing
Oct 20, 2022
About this deal
AI
The commercial property located at 11460 Gateway Boulevard in West Los Angeles has been sold. The property spans 14,600 square feet and was sold for a price of $65,000,000, resulting in a price per square foot of $4,452. The transaction took place on 10/21/2022.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $65,000,000
- Address: 11460 Gateway Boulevard
- Market: West Los Angeles
The buyer of the property is the Onni Group, represented by Innocenzo De Cotiis. Moss & Company, represented by Chris Gray, acted as the seller in this transaction.
Players
Los Angeles Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93