M West Holdings Acquires Mixed-Use Property In Koreatown From CIM Group For $73.3M
3460 West 7th Street, Los Angeles, CA 90005, USA
$73,300,000
$413/SF
Building Size
177,193 SF
Asset Type
Mixed-use
Closing
Dec 13, 2018
AI
A mixed-use property located at 3460 W. 7th St. in Koreatown has been sold for $73.3 million. The property spans a total area of 177,193 square feet and has a price per square foot of $411. The transaction took place on December 14, 2018.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $73.3M
- Address: 3460 W. 7th St.
- Market: Koreatown
- Square Footage: 177,193
- Price per Square Foot: $411
The buyer of this property is M West Holdings, while the seller is @CIMGroup. IPA, represented by Ron Harris, Greg Harris, Kevin Green, and Joseph Grabiec, played a role as the brokers in this transaction.
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93