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
- Property Type: Office
- Transaction Amount: $7,900,000
- Address: 1143-1147 S. Hope Street
- Square Footage: 14,543
- Price per Square Foot: $543
- Buyer's Representative: Jake Zacuto, Andrew Sinasohn, Doug Fillmore - Zacuto Group
- Seller's Representative: Jerry Sackler, David Muir - DAUM
- Loan Broker: Ray Rowshankhah - City National Bank
- Notes: Prime location
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
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