BLT Enterprises Purchases 6311 Romaine St Los Angeles For $64 Million With David Wilson As Buyer's Rep
SOLD
$64,000,000
California
See Similar DealsCommercial200,000 SF
Sold 08/04/2020
SOLD
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...
See Similar DealsCommercial200,000 SF
Sold 08/04/2020
Summary
CALIFORNIA
Asset Type:Commercial
Price Per Square Foot:$320
Total Square Footage:200,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$227,378.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$303,392.65
Annual Debt Service$3,640,711.82
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