Updated Dec 4, 2024
Adam Rubin Acquires Mixed-Use Property In Downtown LA For $20.09M
1032 South Main Street, 1040 South Main Street, 1017 South Los Angeles Street & 1041 South Los Angeles Street
$20,090,000
$62/SF
Building Size
80,350 SF
Asset Type
Mixed-use
Closing
May 31, 2024
About this deal
AI
The mixed-use property located at 1032-1040 South Main Street & 1017-1041 South Los Angeles Street in Downtown Los Angeles has been sold for $20,090,000. The property spans 80,350 square feet, resulting in a price per square foot of $250. The sale involved the buyer, Adam Rubin, and the seller, Aron Harkham.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,090,000
- Address: 1032-1040 South Main Street & 1017-1041 South Los Angeles Street
- Market: Downtown Los Angeles
- Buyer: Adam Rubin
- Seller: Aron Harkham
- Seller's Representative: Mike Condon Jr., Erica Finck, Reid Gratsch & Kylie Rawn - Cushman & Wakefield
- SF: 80,350
- PPSF: $250
Several key individuals and companies were involved in this transaction. Adam Rubin played the role of the buyer. On the selling side, Aron Harkham was the seller. The seller was represented by Mike Condon Jr., Erica Finck, Reid Gratsch, and Kylie Rawn from Cushman & Wakefield.
On the Map
$20,090,000
$62/SF
Mixed-use
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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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93