Maple DTLA LLC Purchases Property From Rosenthal Property Owners For $15.5 Million In Los Angeles
3028 E 11th St, Los Angeles, CA, 90023
$15,500,000
$150/SF
Building Size
102,859 SF
Asset Type
Industrial
Closing
Mar 7, 2018
AI
The property involved in this transaction is an industrial facility located at 3028 E 11th St, Los Angeles, CA, 90023. The facility encompasses 102,859 square feet and was sold for a total price of $15,500,000. The market in which this property is situated is Los Angeles.
Summary of transation details:
- Property Type: Industrial Facility
- Transaction Amount: $15,500,000.00
- Buyer: Maple DTLA LLC
- Seller: Rosenthal Property Owners
- Buyer's Representative: Iqbal Hassan (The Quantum Associates)
- Seller's Representative: Jon Reno (JLL)
- Key Locations: 2736 E. 12th St., 3028 E. 11th St., 3101, 3109, 3115 E. 12th St.
- Proximity: Close to interstates 5 and 10
- Marketing Firm: Kidder Mathews
This transaction showcases the involvement of various real estate professionals, with Jon Reno representing the seller alongside his colleagues Robert Thornburg, Tom Holland, and Trevor Gale from Kidder Mathews. Iqbal Hassan of The Quantum Associates acted on behalf of the buyer, reflecting a coordinated effort in achieving a successful deal.
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93