Updated Oct 29, 2024
John Tracy Center Acquires Office Building In West Adams For $9.5M
2160 West Adams Boulevard, Los Angeles, CA 90018, USA
$9,500,000
$363/SF
Building Size
26,114 SF
Asset Type
Office
Closing
Aug 30, 2018
About this deal
AI
The office property located at 2160 W Adams Blvd in West Adams has been sold for $9,500,000. Spanning across 26,114 square feet, the property was acquired by the John Tracy Center from the seller, Goldstein Investment Company. The transaction was facilitated by Ron Burkhardt of Newmark Knight Frank.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,500,000
- Address: 2160 W Adams Blvd
- Market: West Adams
- Square Footage: 26,114
Ron Burkhardt from Newmark Knight Frank played a crucial role as the broker in this deal, representing both the buyer, John Tracy Center, and the seller, Goldstein Investment Company.
On the Map
$9,500,000
$363/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93