Buck Design Acquires Property At 2626 Lacy St Los Angeles For $20 Million With Buyer's Rep Jack Cline
2626 Lacy St, Los Angeles, CA, 90031
$20,000,000
$222/SF
Building Size
90,000 SF
Asset Type
Commercial
Closing
Aug 22, 2017
AI
The property at 2626 Lacy St, Los Angeles, CA, 90031, sold for $20,000,000.00. The asset spans 90,000 square feet and consists of nine buildings situated on 2 acres of land. This location was previously home to the Lacy Street Production Center for over 35 years and is positioned across from the Lincoln/Cypress Metro Station, in the Los Angeles market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $20,000,000.00
- Square Footage: 90,000
- Address: 2626 Lacy St, Los Angeles, CA, 90031
- Market: Los Angeles
- Buyer: Buck Design
- Buyer's Representative: Jack Cline - Lee & Associates
- Seller: Don Randles, via a family trust
The transaction involved multiple parties in the listing, including Morgan McMullin of Partners Trust Commercial and Chris Thompson, Clark Everitt, and William Everitt of Investment Real Estate Associates. The complex's previous significance was highlighted by its use in notable films such as "LA Confidential" and “Dead Presidents.”
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93