facebook
Traded Co logo
Submit

K.I Group Acquires Mixed Use Asset In Downtown LA For $4.8M

Property Image
SOLD
$4,800,000

California

See Similar Deals
Mixed-use35,000 SF
Sold 12/07/2018
the dealplayerscompscontact
Property Image
SOLD

K.I Group Acquires Mixed Use Asset In Downtown LA For $4.8M

943 Santee Street, Los Angeles, CA 90015, USA

See Similar Deals
Mixed-use35,000 SF
Sold 12/07/2018
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$137
Total Square Footage:35,000 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 943 Santee St in the Fashion District of Downtown LA. It was sold on 12/07/2018 for a total price of $4,800,000. The property spans a total of 35,000 square feet, resulting in a price per square foot of $137.

Summary of transation details

  • Property Type: Mixed Use
  • Transaction Amount: $4,800,000
  • Date: 12/07/2018
  • Address: 943 Santee St
  • Market: Downtown LA, Fashion District

The buyer of the property is the K.I Group, while the seller is McDonald's. The transaction was facilitated by Davina Kangavari, a partner at K.I Group, who represented the buyer in the deal.

Players

DK
1 deal$4.8M volume
BROKER

SELLER

Details

SOLD
IMAGE: Davina Kangavari, Partner K.I Group @davina_properties @davina_sade DATE: 12/07/2018 ADDRESS: 943 Santee St MARKET: Downtown LA, Fashion District ASSET TYPE: Mixed Use PRICE: $4,800,000 SF: 35,000 PPSF: $137 BUYER: K.I Group SELLER: @McDonalds BROKER: Davina Kangavari @davina_properties

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39