BLT Enterprises Purchases 6311 Romaine St Los Angeles For $64 Million With David Wilson As Buyer's Rep
6311 Romaine St, Los Angeles, CA, 90...
$64,000,000
$320/SF
Building Size
200,000 SF
Asset Type
Commercial
Closing
Aug 4, 2020
AI
The property asset involved in this transaction is located at 6311 Romaine St, Los Angeles, CA. The sale price for this property was $64,000,000.00, and it encompasses an impressive total square footage of 200,000 in the Los Angeles market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $64,000,000.00
- Address: 6311 Romaine St, Los Angeles, CA
- Square Footage: 200,000
- Buyer's Representative: David Wilson-Colliers International
- Buyer: BLT Enterprises
- Seller: Not specified
The deal was facilitated by David Wilson, representing the buyer, BLT Enterprises, through his affiliation with Colliers International. The closing of this transaction adds to the portfolio managed by BLT Enterprises within the Los Angeles market.
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93