Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Office
- Transaction Amount: $16,100,000
- Address: 612 South Broadway
- Market: Downtown Los Angeles
- Square Footage: 80,000
- Price Per Square Foot: $201
- Seller's Representatives: Mike Condon Jr., Erica Finck, Reid Gratsch, Brittany Winn & Kylie Rawn - Cushman & Wakefield
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.
On the Map
$16,100,000
$201/SF
Office
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Players
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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