Jeremy Shore Acquires Development Site In Koreatown For $3.5M | 743-749 Gramercy Drive | Jeremy Shore | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

13,106 sqft

A development site in Koreatown has been sold for $3,537,500. Located at 743-749 Gramercy Dr, the site spans an area of 13,106 square feet. With a price per square foot of $269.91, the property comprises six units, resulting in a price per unit of $589,583. The transaction reflects a capitalization rate of 2.9%. Jeremy Shore of Maher Commercial brokered the deal.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $3,537,500
Address: 743-749 Gramercy Dr
Market: Koreatown
Square Footage: 13,106
Price per Square Foot: $269.91
Units: 6
Price per Unit: $589,583
Capitalization Rate: 2.9%

Jeremy Shore of Maher Commercial facilitated the transaction of this Koreatown development site.

Players

All
2

Agents
1
Agencies
1

Jeremy Shore

Senior Investment Associate

$45.9M Sold

Maher Commercial Realty

Details

Deal Summary

SOLD

IMAGE: Jeremy Shore @jashore @mahercommercial DATE: 05/31/2019 ADDRESS: 743-749 Gramercy Dr MARKET: Koreatown ASSET TYPE: Development Site PRICE: $3,537,500 SF: 13,106 PPSF: $269.91.91 UNITS: 6 PPU: $589,583 CAP: 2.9% BROKERS: Jeremy Shore

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Address743-749 Gramercy Drive

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