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130 Alvarado Street, Los An...

Kidder Mathews Acquires Downtown Los Angeles Office For $11M
SOLDOffice

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

John Anthony

Kidder Mathews

Broker

$91.8M

vol

14 deals

Broker

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