Updated Jul 8, 2025
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
About this deal
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.
On the Map
$3,600,000
$521/SF
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93