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2626 Lacy St, Los Angeles, ...

Buck Design Acquires Property At 2626 Lacy St Los Angeles For $20 Million With Buyer's Rep Jack Cline
SOLDCommercial

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

Jack Cline

Lee & Associates

Broker

$236.5M

vol

3 deals

Broker
BD
Buck DesignBuyer

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