facebook
Traded Co logo
Submit

Kidder Mathews Acquires Downtown Los Angeles Office For $11M

Property Image
SOLD
$11,000,000

California

See Similar Deals
Office27,950 SF
Sold 03/30/2022
the dealplayerscompscontact
Property Image
SOLD

Kidder Mathews Acquires Downtown Los Angeles Office For $11M

130 Alvarado Street, Los Angeles, California 90057, United States

See Similar Deals
Office27,950 SF
Sold 03/30/2022
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$393
Total Square Footage:27,950 SF
Transaction Type:Sale

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

John Anthony
14 deals$91.8M volume
BROKER

Christopher "Chris" Steck
Kidder Mathews
14 deals$91.8M volume
BROKER

Christopher "Chris" Giordano
Kidder Mathews
13 deals$88.5M volume
BROKER

Details

SOLD
IMAGE: John Anthony, Chris Steck & Chris Giordano DATE: 03/30/2022 ADDRESS: 130 S. Alvarado St. MARKET: Downtown Los Angeles ASSET TYPE: Office BROKERS: John Anthony (@JohnAnthony445), Chris Steck (@SteckFace86) & Chris Giordano (@ChrisGio08) - Kidder Mathews (@KM_LA_Office_Team) SALE PRICE: $11,000,000 SF: 27,950 ~ PPSF: $393

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34