Asher Luzzatto Of The Luzzatto Company Secures $24M Loan For Office Acquisition In Venice
340 Main Street
$24,000,000
Building Size
—
Asset Type
Office
Closing
Jan 8, 2026
AI
The property asset involved is an office located at 340 Main Street in Venice. The acquisition loan amounts to $24,000,000, facilitating the purchase of this office real estate. The specific characteristics of the property, such as square footage and market value, are not detailed in the context provided.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,000,000
- Lender: DoubleLine
- Landlord: Asher Luzzatto - The Luzzatto Company
- Brokers: Jeff Sause, Lauren Sackler & Danny Ryan - JLL
- Loan Type: Acquisition
The key individuals involved in the deal include Asher Luzzatto representing The Luzzatto Company as the landlord and the brokerage team of Jeff Sause, Lauren Sackler, and Danny Ryan from JLL, who facilitated the transaction as brokers.
Players
Venice 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93