Updated Oct 29, 2024
Marc L. Luzzatto & Asher H. Luzzatto Acquire Office In Los Angeles For $22.79M
3317 Exposition Place, Los Angeles, CA, USA
$22,790,000
$767/SF
Building Size
29,680 SF
Asset Type
Office
Closing
Apr 5, 2021
About this deal
AI
Located in Los Angeles, the office property at 3317-3325 Exposition Place has been sold in a recent transaction. The buyers, Marc L. Luzzatto and Asher H. Luzzatto from Luzzato Co., acquired the property from Lion Real Estate Group LLC. The deal was facilitated by Newmark, the broker representing the parties involved.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $22,790,000
- Address: 3317-3325 Exposition Place, Los Angeles
- Market: Los Angeles
- Buyer: Marc L. Luzzatto & Asher H. Luzzatto - Luzzato Co.
- Seller: Lion Real Estate Group LLC
- Broker: Newmark
- Square Footage: 29,680
- Price per Square Foot: $767
This transaction highlights the activity in the Los Angeles office market. Marc L. Luzzatto and Asher H. Luzzatto of Luzzato Co. successfully acquired the property, demonstrating their interest in expanding their portfolio. Lion Real Estate Group LLC, the seller, recognized the value of the property and engaged Newmark as their broker representative.
On the Map
$22,790,000
$767/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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93