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:
- Property Type: Mixed-use
- Transaction Amount: $32,500,000
- Square Footage: 85,306
- Price Per Square Foot: $381
- Seller: Jamison Services
- Buyer's Representative: Robert Jacobson - Secured Properties
- Seller's Representative: Jay Chu - Secured Properties
- Market: Los Angeles
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
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