The recently closed property transaction in West Adams involved a multifamily asset located at 2501 S. West View St. The property consists of 37 units, with a price per unit (PPU) of $259,459. The total square footage of the property is 28,675, with a price per square foot (PPSF) of $334. The transaction was facilitated by brokers Chase Gardner, Will James, and Tom Jonsson from James Capital Advisors. The sale price for the property was recorded at $9,600,000, resulting in a cap rate of 3.5%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,600,000
• Units: 37
• PPU: $259,459
• Square Footage: 28,675
• PPSF: $334
• Market: West Adams

The deal was spearheaded by brokers Chase Gardner, Will James, and Tom Jonsson from James Capital Advisors. They played a pivotal role in facilitating the transaction, representing the involved parties and ensuring a successful outcome in the West Adams market.