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2010 Lincoln Park Avenue, L...

Ronald Mayer Acquires Package Deal In Lincoln Heights For $14M
SOLDMixed-use

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

Louis Chavez

Century 21

Broker

$14M

vol

1 deal

Broker

Ronald Mayer

Buyer

$46.5M

vol

6 deals

Buyer
PC
Pacific Alliance Medical CenterSeller

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