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1001 Broxton Avenue

Sundarampillai Jeyanandarajan Acquires Mixed-Use Property In Los Angeles For $13.5M
SOLDMixed-use

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:

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

T.C. Macker

WESTMAC Commercial Brokerage Company

Broker

$483.6M

vol

65 deals

Broker

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