Updated Oct 29, 2024
Jamison Properties Acquires Development Site On Olympic Corridor For $16M
11600 Santa Monica Boulevard, Los Angeles, CA, USA
$16,000,000
$564/SF
Building Size
28,358 SF
Asset Type
Development Site
Closing
Jun 17, 2019
About this deal
AI
A development site located at 11600 Santa Monica Blvd in the Olympic Corridor of Los Angeles has recently been sold for a total of $16,000,000. The property spans across 28,358 square feet, resulting in a price per square foot of $564.21.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $16,000,000
- Address: 11600 Santa Monica Blvd
- Market: Olympic Corridor
- Square Footage: 28,358
- Price per Square Foot: $564.21
The buyer in this transaction was Jamison Properties, while The Shanfeld Group, Inc acted as the seller. The deal was facilitated by Laurie Lustig-Bower from an undisclosed agency.
Players
Santa Monica 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93