DLJ Real Estate Capital Partners Acquires Property At 810 Traction Ave For $20M With John Hillman As Seller's Rep
810 Traction Ave, Los Angeles, CA, 90...
$20,000,000
$305/SF
Building Size
65,500 SF
Asset Type
Office
Closing
May 18, 2018
AI
The property asset involved in this transaction is located at 810 Traction Ave, Los Angeles, CA. It recently sold for $20,000,000.00, equating to approximately $305 per square foot. The total square footage of the combined properties is 65,500 SF, which includes the two-story industrial building adjacent to the main property. The buildings provide a total of 15 units and are situated in the Los Angeles market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $20,000,000.00
- Address: 810 Traction Ave, Los Angeles, CA
- Square Footage: 65,500 SF
- Buyer: DLJ Real Estate Capital Partners
- Seller: Rollins & Rollins
- Seller's Representative: John Hillman (CBRE)
- Additional Representative: Greg Stanton (CBRE)
The key individuals involved in this transaction include John Hillman, who represented Rollins & Rollins, and Greg Stanton, who assisted on the deal, both from CBRE. The transaction involved properties that were originally bought by Rollins & Rollins nearly 40 years ago. DLJ Real Estate Capital Partners acquired both the John Parkinson-designed building at 800 Traction Ave., which has historical significance, and the neighboring building at 810 Traction Ave.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93