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1820 Industrial Street & 18...

Cushman & Wakefield Sells Los Angeles Office Portfolio For $38.6M
SOLDMultiFamily

Cushman & Wakefield Sells Los Angeles Office Portfolio For $38.6M

1820 Industrial Street & 1811-1909 E 7th St

$38,600,000

$627/SF

Building Size

61,552 SF

Asset Type

MultiFamily

Closing

Feb 15, 2023

AI

The property involved in this closed transaction is a portfolio consisting of two buildings located at 1820 Industrial Street and 1811-1909 E 7th St in Los Angeles. The property falls under the asset type of office. The transaction took place on 02/15/2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $38,600,000
  • Building Square Footage: 40,000
  • Lot Square Footage: 22,000
  • Address: 1820 Industrial Street & 1811-1909 E 7th St, Los Angeles

The sellers were represented by Mike Condon Jr., Erica Finck, Brittany Winn, McKenna Gaskill, and Connor Martin from Cushman & Wakefield. The buyer's representative in the deal was Scott Fraizer from Lee & Associates.

Players

McKenna Gaskill

Cushman & Wakefield

Broker

$120.4M

vol

5 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93