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Colliers International Sells Development Site In Chinatown For $4M

Property Image
SOLD
$4,000,000

California

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Development Site9,948 SF
Sold 04/25/2022
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Property Image
SOLD

Colliers International Sells Development Site In Chinatown For $4M

857 North Broadway, Los Angeles, California 90012, United States

See Similar Deals
Development Site9,948 SF
Sold 04/25/2022
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$402
Total Square Footage:9,948 SF
Transaction Type:Sale

Development Site located at 857 N. Broadway in Chinatown has been sold for $4,000,000. The property spans 9,948 square feet with a price per square foot of $402. Mick Moody from Colliers International represented the seller in this transaction.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $4,000,000
  • Square Footage: 9,948 SF
  • Price per Square Foot: $402
  • Market: Chinatown
  • Seller's Representative: Mick Moody - Colliers International

Mick Moody, from Colliers International, played a key role as the seller's representative in the deal. The transaction took place on 04/25/2022 and the property is located at 857 N. Broadway in the vibrant market of Chinatown.

Players

Mick Moody
Colliers
Mick Moody
6 deals$61.6M volume
BROKER

Details

SOLD
IMAGE: Mick Moody DATE: 04/25/2022 ADDRESS: 857 N. Broadway MARKET: Chinatown ASSET TYPE: Development Site SELLER’S REP: Mick Moody (@Mickmoody) - Colliers International (@ColliersInternational) SALE PRICE: $4,000,000 SF: 9,948 ~ PPSF: $402

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$14,211.17
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