Faramarz Sadeghi Acquires Industrial Property In Downtown For $3.1M
3101 S Hill St, Downtown Los Angeles, Los Angeles, CA, USA
$3,100,000
$227/SF
Building Size
13,622 SF
Asset Type
Industrial
Closing
Jun 9, 2019
AI
Located in the Downtown market, the industrial property at 3101-3116 S Hill St was recently sold for $3,100,000. Spanning over 13,622 square feet, this transaction had a price per square foot of $227.57. The sellers in this deal were Astrid Metzos, Nancy Bittan, and Henry Spitz, while the buyer was Faramarz Sadeghi. Representing the sellers were Anthony Behar and Daniel Moussazadeh.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Address: 3101-3116 S Hill St, Downtown
- Market: Downtown
- Square Footage: 13,622
- Price per Square Foot: $227.57
Anthony Behar and Daniel Moussazadeh served as the brokers in this transaction. They played a crucial role in facilitating the deal between the sellers and the buyer, ensuring a smooth and successful transaction.
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