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612 South Broadway

Cushman & Wakefield Represents Seller In $16.1M Office Sale At 612 South Broadway
SOLDOffice

Cushman & Wakefield Represents Seller In $16.1M Office Sale At 612 South Broadway

612 South Broadway

$16,100,000

$201/SF

Building Size

80,000 SF

Asset Type

Office

Closing

Jul 16, 2024

AI

The property involved in this transaction is an office asset located at 612 South Broadway in Downtown Los Angeles. The sale price was $16,100,000, and the asset encompasses 80,000 square feet, translating to a price per square foot of $201.

Summary of transaction details:

The transaction was facilitated by a team of representatives from Cushman & Wakefield, highlighting the collaborative efforts of Mike Condon Jr., Erica Finck, Reid Gratsch, Brittany Winn, and Kylie Rawn in bringing the sale to fruition.

Players

Brittany Winn

Cushman & Wakefield

Broker

$134.8M

vol

5 deals

Broker

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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93