Kidder Mathews Represents Sale Of Development Site On Wilshire Blvd. In Downtown Los Angeles For $7.7M
1136 Wilshire Boulevard, Los Angeles, California 90017, United States
$7,700,000
$47/SF
Building Size
160,857 SF
Asset Type
Development Site
Closing
Jan 25, 2022
AI
A development site located at 1136-1150 Wilshire Blvd in Downtown Los Angeles has been sold for a price of $7,700,000. The property spans a total square footage of 160,857. The transaction took place on January 19, 2022. The site is situated in a prime location in the downtown market.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $7,700,000
- Address: 1136-1150 Wilshire Blvd
- Square Footage: 160,857
- Market: Downtown Los Angeles
Kidder Mathews represented the sellers, John Anthony, Chris Steck, and Chris Giordano, in this transaction. Their expertise and negotiation skills proved instrumental in finalizing the deal.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93