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150 South Barrington Avenue

Eric Sackler Acquires Mixed-Use Property On Barrington Avenue For $6.25M
SOLDMixed-use

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:

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

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

2.54%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93