Ronald Mayer Acquires Package Deal In Lincoln Heights For $14M
2010 Lincoln Park Avenue, Lincoln Heights, Los Angeles, CA, USA
$14,000,000
$123/SF
Building Size
113,490 SF
Asset Type
Mixed-use
Closing
Oct 27, 2021
AI
The package deal for the property located at 2010 Lincoln Park Avenue in Lincoln Heights has been sold for a total of $14,000,000. The property spans a total of 113,490 square feet, resulting in a price per square foot of $123. The transaction took place on October 27, 2021.
Summary of Transaction Details
- Property Type: Package Deal
- Sale Price: $14,000,000
- Square Footage: 113,490
- Price Per Square Foot: $123
- Address: 2010 Lincoln Park Avenue
- Market: Lincoln Heights
Ronald Mayer acquired the property, while Pacific Alliance Medical Center, represented by John Edwards, acted as the seller. The buyer was represented by Louis Chavez and Alex Jimenez from CENTURY 21 Allstars, and the seller was represented by Eugene Page and Martin Nguyen from Centre Urban Real Estate.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93