Updated Dec 14, 2024
Bolour Associates Acquires Development Site On Western Avenue Corridor For $6M
606 North Western Avenue, Los Angeles, CA 90004, USA
$6,000,000
$69/SF
Building Size
87,000 SF
Asset Type
Development Site
Closing
Aug 27, 2021
About this deal
AI
A development site located at 606 N. Western Avenue in the Western Avenue Corridor has been sold for $6,000,000. The property spans 87,000 square feet, resulting in a price per square foot of $68.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Address: 606 N. Western Avenue
- Market: Western Avenue Corridor
The sellers of the property were Bolour Associates Inc., represented by Mark Bolour and Kevin Saghian.
The development site sale at 606 North Western Avenue, Los Angeles, CA 90004, USA in Los Angeles, California sold for $6M in 2021. The building is 87,000 square feet, implying about 69 per square foot on the published price. Named participants on the 606 North Western Avenue, Los Angeles, CA 90004, USA sale are Mark Bolour. This page is the Los Angeles, California file for the 606 North Western Avenue, Los Angeles, CA 90004, USA development site sold: pricing, party profiles, and other closed development site comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles development site set by closing date to see what else sold near 606 North Western Avenue, Los Angeles, CA 90004, USA around 2021. Published consideration for 606 North Western Avenue, Los Angeles, CA 90004, USA is $6M, dated 2021. Cite this Bolour Associates Acquires Development Site On Western Avenue Corridor For $6M sale when underwriting similar development site product around Los Angeles, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93