Updated Oct 28, 2024
East End Capital Acquires 15.0 Acres In Arts District For $240M
1338 East 6th Street, Los Angeles, California 90021, United States
$240,000,000
Building Size
—
Asset Type
Industrial
Closing
Jun 14, 2022
About this deal
AI
A 15.0-acre industrial property located at 1338 East 6th Street & 1321 Wholesale Street in the Arts District has been sold for a total price of $240,000,000. The property is situated in a prime location within the Arts District and offers significant potential for industrial use.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $240,000,000
- Address: 1338 East 6th Street & 1321 Wholesale Street
- Market: Arts District
- Size: 15.0 acres
The buyer in this transaction is East End Capital, represented by Jonathon Yormak & David Peretz. Their involvement in the deal demonstrates their interest in investing in the industrial real estate sector. This acquisition positions them well in the growing Arts District market, securing a sizeable property for future development or lease opportunities.
On the Map
$240,000,000
Industrial
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Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93