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6311 Romaine St, Los Angele...

BLT Enterprises Purchases 6311 Romaine St Los Angeles For $64 Million With David Wilson As Buyer's Rep
SOLDCommercial

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

David Wilson

Colliers

Broker

$78.1M

vol

3 deals

Broker
BLT Enterprises
BLT EnterprisesBuyer

Los Angeles Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

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