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
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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93