Compass Brokers Sell Downtown Los Angeles Office Building For $4.1M
212 West 14th Street, Los Angeles, California 90015, United States
$4,100,000
$674/SF
Building Size
6,077 SF
Asset Type
Office
Closing
Feb 28, 2022
AI
212 W. 14th St. in Downtown Los Angeles has been sold in a recent transaction. The property, which is an office space, was purchased by Chris Collins from seller Georgiana Jun Hoskulds. The sale was facilitated by brokers Elizabeth Clark and Olivia Robertson from Compass, Jay Martinez from Kidder Mathews, and Michael Criswell from Hudson Partners Inc. The transaction took place on 03/01/2022.
Summary of transaction details
- Property Type: Office
- Sale Price: $4,100,000
- Square Footage: 6,000
- Price per Square Foot: $683
- Address: 212 W. 14th St., Downtown Los Angeles
- Market: Downtown Los Angeles
This sale set a record for the price per square foot at $683/SF. It is worth noting that there is no parking available for the property.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93