Kidder Mathews Acquires Downtown Los Angeles Office For $11M
130 Alvarado Street, Los Angeles, California 90057, United States
$11,000,000
$393/SF
Building Size
27,950 SF
Asset Type
Office
Closing
Mar 29, 2022
AI
The office building located at 130 S. Alvarado St. in Downtown Los Angeles has been sold for $11,000,000. The transaction took place on March 30, 2022. This property spans 27,950 square feet and has a price per square foot of $393. The deal was facilitated by brokers John Anthony, Chris Steck, and Chris Giordano from Kidder Mathews. They represented the parties involved in the transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,000,000
- Square Footage: 27,950
- Price per Square Foot: $393
- Address: 130 S. Alvarado St.
- Market: Downtown Los Angeles
This transaction involved notable individuals and companies, including brokers John Anthony, Chris Steck, and Chris Giordano from Kidder Mathews. Their expertise played a crucial role in facilitating the successful sale of this office property in Downtown Los Angeles.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93