Updated Oct 29, 2024
California Community Foundation Acquires Office Building In Downtown Los Angeles For $15.4M
717 W Temple St, Central LA, Los Angeles, CA, USA
$15,400,000
$281/SF
Building Size
54,657 SF
Asset Type
Office
Closing
Jan 26, 2021
About this deal
AI
Located at 717 West Temple St. in Downtown Los Angeles, this office property was recently sold in a transaction that closed on January 27, 2021. The property, spanning 54,657 square feet, was purchased by the California Community Foundation from the seller First City Credit Union for a total price of $15,400,000. With a price per square foot of $281, this transaction highlights the value of office assets in the Downtown Los Angeles market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,400,000
- Square Footage: 54,657
- Price per Square Foot: $281
- Buyer: California Community Foundation
- Seller: First City Credit Union
This notable deal was facilitated by James Miller and Antonia Hernández, representing the buyer and seller respectively. Their expertise in the market played a crucial role in the successful completion of this transaction.
On the Map
$15,400,000
$281/SF
Office
View full map
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93