Sundarampillai Jeyanandarajan Acquires Mixed-Use Property In Los Angeles For $13.5M
1001 Broxton Avenue
$13,500,000
$790/SF
Building Size
17,086 SF
Asset Type
Mixed-use
Closing
Jun 4, 2024
AI
The mixed-use property located at 1001 Broxton Avenue in Los Angeles was sold for $13,500,000. Spanning 17,086 square feet, the property was transacted at a price per square foot of $790.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $13,500,000
- Address: 1001 Broxton Avenue
- Market: Los Angeles
- Seller's Representative: Willa Fields & Jim Burnap - Beitler Commercial Realty Services; T.C. Macker, Woody Cook & Colin Fields - WESTMAC Commercial Brokerage Company
- Buyer: Sundarampillai Jeyanandarajan
The transaction involved key players such as Sundarampillai Jeyanandarajan as the buyer, and the seller's representatives were Willa Fields and Jim Burnap from Beitler Commercial Realty Services along with T.C. Macker, Woody Cook, and Colin Fields from WESTMAC Commercial Brokerage Company.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93