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

Property Image
SOLD
$7,900,000
David Muir
Doug Fillmore
+ 2

California

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Office14,543 SF
Sold 09/30/2020
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Property Image
SOLD

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

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

See Similar Deals
Office14,543 SF
Sold 09/30/2020
David Muir
Doug Fillmore
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$543
Total Square Footage:14,543 SF
Transaction Type:Sale

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
59 deals$368.6M volume(310) 469-9012
BROKER

Andrew Sinasohn
Zacuto Group
16 deals$62.1M volume
BROKER

Doug Fillmore
6 deals$28.9M volume
BROKER

Jerry Sackler
Daum Commercial Real Estate Services
2 deals$35.9M volume
BROKER

David Muir
Daum Commercial Real Estate Services
3 deals$21.8M volume
BROKER

Details

SOLD
IMAGE: IMAGE: @JakeZacuto, @AndrewSinasohn, @DougFillmore_, @Ramin.Rowshankhah DATE: 09/30/2020 ADDRESS: 1143-1147 S. Hope Street ASSET TYPE: Office BUYER’S REP: Jake Zacuto, Andrew Sinasohn, Doug Fillmore – Zacuto Group @ZacutoGroup SELLER’S REP: Jerry Sackler, David Muir – DAUM LOAN BROKER: Ray Rowshankhah – City National Bank @Ramin.Rowshankhah NOTES: Prime location […] PRICE: $7,900,000 SF: 14,543 ~ PPSF: $543

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$421,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36