TRJLA Acquires Development Site In Chinatown For $19M
717-759 Hill Street, Central LA, Los Angeles, CA, USA
$19,000,000
$51/SF
Building Size
369,538 SF
Asset Type
Development Site
Closing
Jan 13, 2021
AI
The development site located at 717-759 Hill Street in Chinatown has been sold. The property, with a building square footage (BSF) of 369,538, was purchased by TRJLA for $19,000,000. The price per building square footage (PPBSF) was $51. The seller of the property was Pacific Alliance Medical Center.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,000,000
- Address: 717-759 Hill Street
- Market: Chinatown
The deal was facilitated by Eugene Page and Martin Nguyen from Centre Urban Real Estate, who represented TRJLA as the buyer in the transaction. No additional information about the transaction was provided.
Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93