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837 North Mariposa Avenue, ...

Adam Surnow Acquires Development Site In Los Angeles For $3.65M
SOLDDevelopment Site

Adam Surnow Acquires Development Site In Los Angeles For $3.65M

837 North Mariposa Avenue, Los Angeles, CA, USA

$3,650,000

$121/SF

Building Size

30,000 SF

Asset Type

Development Site

Closing

Dec 1, 2020

AI

A development site located at 837, 843, and 623 N. Mariposa Ave in Los Angeles has been sold for $3,650,000. The buyer of the property is Adam Surnow, who is known as @ASurnow on Instagram. The transaction took place on 12/02/2020, and the property is described as a development site with a building square footage (BSF) of 30,000. The price per square foot (PPSF) is $121. The deal was facilitated by Jonathan Sanchez, a broker representing Adam Surnow in the transaction.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $3,650,000
  • BSF: 30,000
  • PPSF: $121
  • Date: 12/02/2020
  • Address: 837, 843 & 623 N. Mariposa Ave, Los Angeles
  • Buyer: Adam Surnow (@ASurnow)
  • Broker: Jonathan Sanchez (@MrJonathanSanchez)

Adam Surnow, the buyer of the development site, has successfully acquired the property through this transaction. Jonathan Sanchez, acting as Adam Surnow's broker representative, facilitated the deal. The purchase price for the property was negotiated at $3,650,000, with a building square footage of 30,000, resulting in a price per square foot of $121.

Players

Jonathan Sanchez

Compass

Broker

$9.4M

vol

4 deals

Broker
Adam Surnow

Adam Surnow

Buyer

$13.4M

vol

6 deals

Buyer

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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93