Updated Jan 7, 2025
Aron Harkham And Richard Saghian Acquire Office Asset At 2130 Violet Street For $29.13M
2130 Violet Street
$29,130,000
$258/SF
Building Size
112,583 SF
Asset Type
Office
Closing
Dec 26, 2024
About this deal
AI
The transaction involved an office asset located at 2130 Violet Street in the Los Angeles market. The sale price for the property was $29,130,000, and it encompasses a total square footage of 112,583, resulting in a price per square foot of $258.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $29,130,000
- Square Footage: 112,583
- Price per Square Foot: $258
- Buyer: Aron Harkham - Harkham Ventures
- Buyer: Richard Saghian - Fashion Nova
- Broker: Mike Condon Jr. - Cushman & Wakefield
- Date of Transaction: 12/26/2024
The deal featured notable involvement from Aron Harkham and Richard Saghian, both acting in their capacities as buyers for Harkham Ventures and Fashion Nova, respectively. Mike Condon Jr. represented the transaction through Cushman & Wakefield, providing brokerage services in this sale.
On the Map
$29,130,000
$258/SF
Office
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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
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93