K.I Group Acquires Mixed Use Asset In Downtown LA For $4.8M
943 Santee Street, Los Angeles, CA 90015, USA
$4,800,000
$137/SF
Building Size
35,000 SF
Asset Type
Mixed-use
Closing
Dec 6, 2018
AI
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
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93