Updated Dec 4, 2024
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
About this deal
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.
On the Map
$6,045,000
$265/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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93