Abraham Davood Acquires Industrial Property In Downtown For $7.4M
901 East 31st Street, Los Angeles, CA, USA
$7,400,000
$99/SF
Building Size
74,400 SF
Asset Type
Industrial
Closing
Jul 29, 2021
AI
Located in Downtown, the industrial property at 901 East 31st Street was recently sold in a closed transaction. The sale took place on July 30, 2021, with a sale price of $7,400,000. Spanning across 74,400 square feet, the property was sold at a rate of $99 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Address: 901 East 31st Street
- Market: Downtown
The buyer of this industrial property was Abraham Davood, while the seller was Anny Choi. Secured Properties, represented by Jay Chu and Ryan Yatman, acted as the brokers in this 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93