Updated Dec 21, 2023
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
About this deal
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
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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