Ronald Mayer Acquires Package Deal In Lincoln Heights For $14M
SOLD
$14,000,000
+ 2
California
See Similar DealsMixed-use113,490 SF
Sold 10/27/2021
SOLD
Ronald Mayer Acquires Package Deal In Lincoln Heights For $14M
2010 Lincoln Park Avenue, Lincoln Heights, Los Angeles, CA, USA
See Similar DealsMixed-use113,490 SF
Sold 10/27/2021
+ 2
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$123
Total Square Footage:113,490 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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