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1143 S Hope St, Los Angeles...

Zacuto Group Acquires Office Building On S. Hope Street For $7.9M
SOLDOffice

Zacuto Group Acquires Office Building On S. Hope Street For $7.9M

1143 S Hope St, Los Angeles, CA 90015, USA

$7,900,000

$543/SF

Building Size

14,543 SF

Asset Type

Office

Closing

Sep 29, 2020

AI

The office property located at 1143-1147 S. Hope Street has been sold for a price of $7,900,000. The property spans a total area of 14,543 square feet, resulting in a price per square foot of $543. This prime location asset was transacted on 09/30/2020.

Summary of transaction details

The transaction was facilitated by the buyer's representatives, Jake Zacuto, Andrew Sinasohn, and Doug Fillmore from the Zacuto Group. The seller was represented by Jerry Sackler and David Muir from DAUM. The loan for this deal was brokered by Ray Rowshankhah from City National Bank.

Players

Jake Zacuto

Zacuto Group

Broker

$368.6M

vol

59 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93