Colliers International Represents $22M Sale Of Downtown Los Angeles Development Site
1313 West 11th Place, Los Angeles, CA, USA
$22,000,000
$318/SF
Building Size
69,008 SF
Asset Type
Development Site
Closing
Sep 27, 2021
AI
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.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93