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
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.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93