The Luzzatto Company Secures $30M Loan For West Adams Office Building
3339 Exposition Place, Los Angeles, CA, USA
$30,000,000
$535/SF
Building Size
56,000 SF
Asset Type
Office
Closing
Dec 11, 2019
AI
The Luzzatto Company has closed a loan deal for an office property located at 3339 Exposition Place in the West Adams market. The loan amount for this deal was $30,000,000 with a fixed-rate term of 10 years. The office space spans across 56,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,000,000
- Address: 3339 Exposition Place
- Market: West Adams
The Luzzatto Company, represented by Asher Luzzatto, served as the landlord for this transaction. The brokering team responsible for this deal consisted of Paul Brindley, Jeff Sause, and Spencer Richley from JLL.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93