Colliers International Represents $22M Sale Of Downtown Los Angeles Development Site
SOLD
$22,000,000
California
See Similar DealsDevelopment Site69,008 SF
Sold 09/28/2021
SOLD
Colliers International Represents $22M Sale Of Downtown Los Angeles Development Site
1313 West 11th Place, Los Angeles, CA, USA
See Similar DealsDevelopment Site69,008 SF
Sold 09/28/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$318
Total Square Footage:69,008 SF
Transaction Type:Sale
The development site located at 1313-1337 W. 11th Place in Downtown Los Angeles has been sold for $22,000,000. The transaction took place on September 28, 2021. The property spans a total of 69,008 square feet, and the price per square foot stands at $318.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $22,000,000
- Market: Downtown Los Angeles
- Address: 1313-1337 W. 11th Place
- Brokers: Adam Tischer & Mick Moody - Colliers International
- BSF: 69,008
- PPBSF: $318
The deal was facilitated by brokers Adam Tischer and Mick Moody of Colliers International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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