Bryant Tsan Purchases Industrial Property At 1797 North Main Street For $6.045M
1797 North Main Street
$6,045,000
$265/SF
Building Size
22,742 SF
Asset Type
Industrial
Closing
May 7, 2024
AI
The industrial property located at 1797 North Main Street in Los Angeles has been sold for $6,045,000. The asset measures 22,742 square feet, equating to a price per square foot of $266.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,045,000
- Sale Date: 05/07/2024
- Buyer: Bryant Tsan
- Seller: Laurence Gibbs
- Buyer's Representative: Hannah Zager, Martin Agnew & Ryan Rothstein-Serling - Agnew | Serling Group - Marcus & Millichap
- Seller's Representative: Mick Moody - Colliers
This transaction involved multiple key representatives, with Hannah Zager, Martin Agnew, and Ryan Rothstein-Serling representing the buyer through Agnew | Serling Group at Marcus & Millichap. Mick Moody acted as the seller's representative from Colliers.
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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93