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2024 West 6th Street

SOLDMixed-use

Jamison Services Sells Mixed-Use Property At 2024 & 2065 W 6th St For $32.5M

2024 West 6th Street

$32,500,000

$381/SF

Building Size

85,306 SF

Asset Type

Mixed-use

Closing

Nov 3, 2022

AI

The asset involved in this transaction is a mixed-use property located at 2024 & 2065 W 6th St, Los Angeles. The sale price for the property was $32,500,000, and it encompasses a total square footage of 85,306, translating to a price per square foot of $381.

Summary of transaction details:

Robert Jacobson represented the buyer in this transaction, while Jay Chu represented the seller, both working through Secured Properties. Their involvement was crucial in facilitating the transfer of ownership for this mixed-use asset in the Los Angeles market.

Players

Jay Chu

Secured Properties

Broker

$101.9M

vol

6 deals

Broker
Jamison Services
Jamison ServicesSeller

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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93