Updated Nov 20, 2023
2408-2414 S. Broadway Office/Industrial Sold For $12.4M - Martin Agnew & Ryan Serling, Marcus & Millichap
2408 South Broadway, Los Angeles, CA, USA
$12,400,000
$274/SF
Building Size
45,144 SF
Asset Type
Industrial
Closing
Aug 27, 2018
About this deal
AI
The property involved in this closed transaction is an office/industrial space located at 2408-2414 S. Broadway. The property spans a total of 45,144 square feet. The transaction took place on August 28, 2018, and was sold for a price of $12,400,000, resulting in a price per square foot of $274.
Summary of transaction details:
- Property Type: Office/Industrial
- Transaction Amount: $12,400,000
- Address: 2408-2414 S. Broadway
- Square Footage: 45,144
- Price Per Square Foot: $274
The deal was facilitated by brokers Martin Agnew, Ryan Serling, and Jordan Weinberg. Martin Agnew and Ryan Serling are part of the Agnew Serling Group, while Jordan Weinberg represents Marcus & Millichap.
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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93