Benji Gribnau, Leor Binshtock, Jake Zacuto & Mike Monempour Sell Development Site In Los Angeles For $4.8M
3026 Crenshaw Blvd, Los Angeles, CA, USA
$4,800,000
$128/SF
Building Size
37,423 SF
Asset Type
Development Site
Closing
Apr 12, 2021
AI
A development site located at 3026 Crenshaw Blvd in Los Angeles has been sold for $4,800,000. The property spans approximately 37,423 square feet, resulting in a price per square foot of $128.
Summary of transaction details:
- Property Type: Development Site
- Date: 04/13/2021
- Address: 3026 Crenshaw Blvd
- Market: Los Angeles
- Brokers: Benji Gribnau, Leor Binshtock, Jake Zacuto, and Mike Monempour
- Sale Price: $4,800,000
- Square Footage: 37,423
- Price Per Square Foot: $128
The sale of this development site was facilitated by brokers Benji Gribnau, Leor Binshtock, Jake Zacuto, and Mike Monempour.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93