Bank OZK Provides $54.7M Loan For Office Property In West Adams
3609 10th Ave, Los Angeles, CA, USA
$54,730,000
$510/SF
Building Size
107,199 SF
Asset Type
Office
Closing
May 24, 2020
AI
The property involved in this closed transaction is an office located at 3609 10th Avenue in the West Adams market. The transaction took place on 05/24/2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $54,730,000
- Square Footage: 107,199
- Address: 3609 10th Avenue
- Market: West Adams
The lender for this transaction was Bank OZK represented by Aram Zakian. Related Fund Management also participated in the loan. The landlord of the property is The Luzzatto Company, represented by Asher Luzzotto. JLL, represented by Paul Brindley, Jeff Sause, and Spencer Richley, acted as the brokers for this deal.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93