Colliers International Sells Development Site In Chinatown For $4M
857 North Broadway, Los Angeles, California 90012, United States
$4,000,000
$402/SF
Building Size
9,948 SF
Asset Type
Development Site
Closing
Apr 24, 2022
AI
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
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93