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1359 South Hope Street

Chris Cole Purchases Industrial Compound From Damiano Dall'Anese In Los Angeles For $3.6M
SOLDIndustrial

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

Oliver Ghadoushi

Compass

Broker

$30.7M

vol

8 deals

Broker
Compass
CompassBrokerage
Chris Coleman

Chris Coleman

Buyer

$36.5M

vol

3 deals

Buyer

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