facebook

traded

+ Submit
Home

/

Deals

/

California

/

Development Site

/

Sale

/

940 South Hill Street

Mariano Antoci Erewhon Buys Development Site 940 S Hill Street LA From David Lee
SOLDDevelopment Site

Mariano Antoci Erewhon Buys Development Site 940 S Hill Street LA From David Lee

940 South Hill Street

$13,500,000

$552/SF

Building Size

24,432 SF

Asset Type

Development Site

Closing

Jul 3, 2025

AI

The asset involved is a Development Site located at 940 South Hill Street in Los Angeles. The sale price was $13,500,000, with a total area of 24,432 square feet and a price per square foot of $552. The transaction occurred in the Los Angeles market, with Mariano Antoci of Erewhon as the buyer and David Lee as the seller.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $13,500,000
  • Address: 940 South Hill Street
  • Market: Los Angeles
  • Asset Type: Development Site
  • Buyer: Mariano Antoci - Erewhon
  • Seller: David Lee
  • Buyer's Representative: Justin Kohanoff
  • Seller's Representative: Joe Bolognese - Saxum West
  • Sale Price: $13,500,000
  • SF: 24,432
  • PPSF: $552

The deal's key individuals behind the transaction include the buyer's representative Justin Kohanoff and the seller's representative Joe Bolognese of Saxum West, who facilitated the agreement on behalf of their respective principals.

Players

Justin Kohanoff

Broker

$107.5M

vol

12 deals

Broker
E
ErewhonBuyer

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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93