Aron Harkham Acquires Mixed-Use Property In Highland Park For $28.65M
5711 North Figueroa Street, Los Angeles, California 90042, United States
$28,650,000
$694/SF
Building Size
41,283 SF
Asset Type
Mixed-use
Closing
Apr 12, 2022
AI
A mixed-use property located at 5711-5717 & 5900-5908 N. Figueroa St. in Highland Park has been sold for a total of $28,650,000. The property spans 41,283 square feet, resulting in a price per square foot of $693. The sale transaction took place on April 13, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $28,650,000
- Address: 5711-5717 & 5900-5908 N. Figueroa St., Highland Park
- Square Footage: 41,283
- Price per Square Foot: $693
Aron Harkham purchased the property from Asana Partners, with Marc Schillinger from JLL representing the buyer. Geoff Tranchina and Tim Kuruzar, also from JLL, acted as the representatives for the seller.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93