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606 North Western Avenue, L...

Updated Dec 14, 2024

Bilt advertisement
Bolour Associates Acquires Development Site On Western Avenue Corridor For $6M
SOLDDevelopment Site

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.

Players

Mark Bolour

Bolour Associates

Seller

$153M

vol

13 deals

Seller
Bolour Associates
Bolour AssociatesSeller

Los Angeles Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $69 per square foot on a published $6M for 87,000 square feet (2021).

Visit Mark Bolour to view all their deals.

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

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