Livwrk Willow Acquires Mixed-Use Property In Arts District For $20M
SOLD
$20,000,000
California
See Similar DealsMixed-use65,000 SF
Sold 09/27/2021
SOLD
Livwrk Willow Acquires Mixed-Use Property In Arts District For $20M
800-810 Traction Ave, Central LA, Los Angeles, CA, USA
See Similar DealsMixed-use65,000 SF
Sold 09/27/2021
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$307
Total Square Footage:65,000 SF
Transaction Type:Sale
The mixed-use property located at 800-810 Traction Ave. in the Arts District was recently sold for $20,000,000. The transaction took place on 09/27/2021 and involved a total area of 65,000 square feet. The sale price per square foot was $308. The buyer, Livwrk Willow, was represented by Daniel Kotzer and Asher Abeserah. On the other hand, the seller of the property was DLJ Real Estate Capital Partners.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Address: 800-810 Traction Ave.
- Market: Arts District
The purchase was made by Livwrk Willow, with Daniel Kotzer and Asher Abeserah acting as their representatives. DLJ Real Estate Capital Partners, the selling party, successfully closed the deal, marking the transfer of ownership for the mixed-use property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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