Bolour Associates Acquires Development Site On Western Avenue Corridor For $6M
SOLD
$6,000,000
California
See Similar DealsDevelopment Site87,000 SF
Sold 08/27/2021
SOLD
Bolour Associates Acquires Development Site On Western Avenue Corridor For $6M
606 North Western Avenue, Los Angeles, CA 90004, USA
See Similar DealsDevelopment Site87,000 SF
Sold 08/27/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$69
Total Square Footage:87,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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