Updated Oct 28, 2024
JP Group LA Acquires Mixed-Use Property On 101 W. Mission Blvd In Los Angeles For $10.4M
101 W Mission Blvd, Pomona, Los Angeles, CA, USA
$10,400,000
$8,189/SF
Building Size
1,270 SF
Asset Type
Mixed-use
Closing
May 20, 2020
About this deal
AI
The mixed-use property located at 101 W. Mission Blvd in Los Angeles has been involved in a recent transaction. The deal, finalized on 05/20/2021, was facilitated by Abe Mann & Ryan Wright.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,400,000
- Address: 101 W. Mission Blvd
- Market: Los Angeles
The loan for this transaction was provided by Deutsche Bank AG. JP Group LA, represented by John Péna & Ryan Wright, acted as the landlord. Progress.Capital, represented by Abe Mann, played the role of broker.
The loan amount for this cash-out refinance was $10,400,000. The terms of the loan include 5 years of interest-only payments and a 10-year fixed rate.
To inquire about financing needs, interested parties can contact Abe from Progress.Capital at [email protected] or 917-574-3810.
Players
Pomona Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93