Nuveen Acquires Studio In Los Angeles For $85M With Brokers Harmon, Donner & Lushing
SOLD
$85,000,000
California
See Similar DealsMixed-use95,285 SF
Sold 03/28/2023
SOLD
Nuveen Acquires Studio In Los Angeles For $85M With Brokers Harmon, Donner & Lushing
2160 East 7th Street
See Similar DealsMixed-use95,285 SF
Sold 03/28/2023
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$892
Total Square Footage:95,285 SF
Transaction Type:Sale
Nuveen has acquired a studio property located at 2160 East 7th Street, Los Angeles. The transaction was facilitated by the brokerage team of Douglas (Doug) Harmon, Kevin Donner, and Benjamin (Ben) Lushing from Newmark. The property was sold by Related Fund Management and DGMT for a total price of $85,000,000. The studio spans 95,285 square feet, resulting in a price per square foot of $892.
Summary of transation details
- Property Type: Studio
- Transaction Amount: $85,000,000
- Square Footage: 95,285
- Price Per Square Foot: $892
- Address: 2160 East 7th Street, Los Angeles
- Market: Los Angeles
- Buyer: Nuveen
- Seller: Related Fund Management & DGMT
- Brokers: Douglas (Doug) Harmon, Kevin Donner & Benjamin (Ben) Lushing - Newmark
The acquisition of the property by Nuveen was successfully executed with the assistance of the brokerage team from Newmark, led by Douglas (Doug) Harmon, Kevin Donner, and Benjamin (Ben) Lushing. This multi-million dollar transaction highlights the strong demand for studio properties in the Los Angeles market.
Players
BUYER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,533,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$301,987.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$402,943.36
Annual Debt Service$4,835,320.38
Is there something missing? Send suggestions