Eric Sackler Acquires Mixed-Use Property On Barrington Avenue For $6.25M
150 South Barrington Avenue
$6,250,000
$985/SF
Building Size
6,340 SF
Asset Type
Mixed-use
Closing
Jun 20, 2024
AI
The mixed-use property located at 150 South Barrington Avenue in Los Angeles was sold for $6,250,000. The property spans 6,340 square feet, resulting in a price per square foot of $986.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $6,250,000
- Address: 150 South Barrington Avenue
- Market: Los Angeles
- SF: 6,340
- PPSF: $986
- Buyer's Rep: Eric Sackler - Coldwell Banker
- Seller's Rep: Christian C. Holland, T.C. Macker & Woody Cook - WESTMAC Commercial Brokerage Company
The sale was facilitated by Christian C. Holland, T.C. Macker, and Woody Cook from WESTMAC Commercial Brokerage Company, representing the sellers. On the buyer's side, Eric Sackler from Coldwell Banker handled the transaction, ensuring a successful deal for all parties involved.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93