Chris Cole Purchases Industrial Compound From Damiano Dall'Anese In Los Angeles For $3.6M
1359 South Hope Street
$3,600,000
$521/SF
Building Size
6,900 SF
Asset Type
Industrial
Closing
Jun 20, 2025
AI
A freestanding industrial compound located at 1359 South Hope Street in the Los Angeles market has been sold. The sale, which took place on 6/20/2025, was finalized for a price of $3,600,000. The property has a total area of 6,900 square feet, translating to a price per square foot of $521.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,600,000
- Address: 1359 South Hope Street
- Buyer: Chris Cole
- Seller: Damiano Dall'Anese
- Broker: Oliver Ghadoushi - Compass
- Market: Los Angeles
- Square Footage: 6,900
- Price Per Square Foot: $521
Oliver Ghadoushi of Compass Commercial facilitated the transaction, emphasizing the continued demand for versatile industrial and creative office assets in the Downtown Los Angeles marketplace.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93