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3251 West 6th Street

Kheir Clinic Acquires Office Building In Koreatown, Los Angeles For $16.75M
SOLDOffice

Kheir Clinic Acquires Office Building In Koreatown, Los Angeles For $16.75M

3251 West 6th Street

$16,750,000

$343/SF

Building Size

48,762 SF

Asset Type

Office

Closing

Aug 31, 2022

AI

The office building located at 3251 W 6th St in Koreatown, Los Angeles, CA has been sold in a closed transaction. The buyer, Kheir Clinic, represented by Erin Pak, acquired the property from the seller, Euro Investment, represented by Ebrahim Aklaghi. The transaction was facilitated by brokers Jay Chu and Ryan Yatman from Secured Properties. The sale price for the office building was $16,750,000, and it offers a total square footage of 48,762. The price per square foot amounts to $344.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $16,750,000
  • Buyer: Kheir Clinic - Erin Pak
  • Seller: Euro Investment - Ebrahim Aklaghi
  • Brokers: Jay Chu & Ryan Yatman - Secured Properties
  • Address: 3251 W 6th St, Koreatown, Los Angeles, CA
  • Market: Koreatown, Los Angeles, CA
  • Square Footage: 48,762 SF
  • Price per Square Foot: $344

This transaction showcases the involvement of key individuals and companies in the deal. The buyer, Kheir Clinic, represented by Erin Pak, saw the potential in the office building and successfully acquired it. On the other hand, Euro Investment, represented by Ebrahim Aklaghi, made the decision to sell the property. The brokers, Jay Chu and Ryan Yatman from Secured Properties, played a crucial role in facilitating the transaction between the buyer and seller.

Players

Jay Chu

Secured Properties

Broker

$101.9M

vol

6 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.95%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93