Six Peak Capital Acquires 2859-2883 Francis Ave Development Site In Koreatown For $7.75M
2859-2883 Francis Avenue
Development Site
27,000 SF
27,000 SF
Sold 1 year ago
+ 2
Summary
A development site located at 2859-2883 Francis Ave in Koreatown has been sold in a recent transaction. The property consists of four contiguous lots, offering the potential to build up to 116 units. The transaction took place on 03/04/2020.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,750,000
- Address: 2859-2883 Francis Ave, Koreatown
The buyer, Six Peak Capital, acquired the property from the seller, Francis/Lily LLC. The brokers involved in the deal were Dario Svidler, Justin Ruder, David Johnstone, and Peter Ciriello.
The price for the development site was $7,750,000, with a building square footage of 27,000. This results in a price per square foot (PPBSF) of $287.04.
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6
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2859-2883 Francis Avenue
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