Oron Maher And Jeremy Shore Sell 61,700 SF Property On N Figueroa St For $7.5M
3555 North Figueroa Street, Los Angeles, CA, USA
$7,525,000
$122/SF
Building Size
61,700 SF
Asset Type
Industrial
Closing
Apr 30, 2018
AI
The property located at 3555-3577 N Figueroa St, 3562-3566 N Figueroa St, and 3600 N Figueroa St was sold on May 1, 2018, for a total price of $7,525,000. The property consists of six parcels and occupies a total area of 61,700 square feet. The price per square foot for this transaction is $122.30. The zoning for the property is a combination of C2 and R2.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $7,525,000
- Square Footage: 61,700
- Price per Square Foot: $122.30
- Zoning: C2 and R2
- Date: May 1, 2018
The sale of this property was facilitated by Maher Commercial Realty, represented by Oron Maher and Jeremy Shore.
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
2.11%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93