Antoine Riviere Acquires Industrial Property On S Grand Ave In Downtown For $3.1M
2828 South Grand Avenue, Downtown Los Angeles, Los Angeles, CA, USA
$3,100,000
$234/SF
Building Size
13,243 SF
Asset Type
Industrial
Closing
Mar 22, 2019
AI
Antoine Riviere has purchased an industrial property located at 2828/2834 S Grand Ave in Downtown for $3,100,000. The property spans 13,243 square feet, resulting in a price per square foot of $234.08. The transaction was completed on March 23, 2019.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Address: 2828/2834 S Grand Ave, Downtown
- Market: Downtown
- Square Footage: 13,243
- Price per Square Foot: $234.08
The seller in this transaction was Michael Hashemi. Antoine Riviere acted as the buyer. The brokers involved in the deal were Anthony Behar, Ben Giladi, and Daniel Moussazadeh.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93