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Steven Broukhim Acquires Industrial Properties In DTLA For $11.3M

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SOLD
$11,300,000

California

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Industrial53,064 SF
Sold 11/19/2021
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Property Image
SOLD

Steven Broukhim Acquires Industrial Properties In DTLA For $11.3M

1729 Wall Street, Los Angeles, CA, USA

See Similar Deals
Industrial53,064 SF
Sold 11/19/2021
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$213
Total Square Footage:53,064 SF
Transaction Type:Sale

The industrial property located at 1729 Wall Street, 1714 S. Maple Avenue, and 437 E. Washington Blvd. in DTLA has been sold for a total price of $11,300,000. The property spans a total of 53,064 square feet, resulting in a price per square foot of $212. The transaction took place on November 19, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $11,300,000
  • Address: 1729 Wall Street, 1714 S. Maple Avenue, and 437 E. Washington Blvd.
  • Market: DTLA
  • Square Footage: 53,064
  • Price per Square Foot: $212

The buyer of the property is Steven Broukhim, while the sellers are Brad and Penelope Broffman. The sale was facilitated by Kevin Foley, Gary Stache, and John Hillman from CBRE, representing the sellers.

Players

Gary Stache
33 deals$481.9M volume
BROKER

Kevin Foley
CBRE
19 deals$331.2M volume
BROKER

John Hillman
CBRE
2 deals$31.3M volume
BROKER

Details

SOLD
IMAGE: Kevin Foley, Gary Stache & John Hillman DATE: 11/19/2021 ADDRESS: 1729 Wall Street, 1714 S. Maple Avenue & 437 E. Washington Blvd. MARKET: DTLA ASSET TYPE: Industrial BUYER: Steven Broukhim SELLER: Brad & Penelope Broffman SELLER'S REP: Kevin Foley (@KPFoley), Gary Stache & John Hillman - CBRE SALE PRICE: $11,300,000 SF: 53,064 ~ PPSF: $212

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$602,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
Annual Debt Service$642,813.18