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340 Main Street

Asher Luzzatto Of The Luzzatto Company Secures $24M Loan For Office Acquisition In Venice
FINANCEDOffice

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

Jeff Sause

JLL

Broker

$1.6B

vol

33 deals

Broker
The Luzzatto Company
The Luzzatto CompanyLandlord

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