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Kamron Shashooni Purchases Los Angeles Office From Steven Goodwin For $6.15 Million

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SOLD
$6,150,000

California

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Office17,150 SF
Sold 07/24/2024
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Property Image
SOLD

Kamron Shashooni Purchases Los Angeles Office From Steven Goodwin For $6.15 Million

856 Seward Street

See Similar Deals
Office17,150 SF
Sold 07/24/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$358
Total Square Footage:17,150 SF
Transaction Type:Sale

The property asset involved in this transaction is an office located at 856 Seward Street in Los Angeles. The sale price of the property was $6,150,000, with a total square footage of 17,150 and a price per square foot of $358.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,150,000
  • Address: 856 Seward Street
  • Market: Los Angeles
  • Square Footage: 17,150
  • Price Per Square Foot: $358
  • Buyer: Kamron Shashooni
  • Seller: Steven Goodwin - NTA Partners LP
  • Brokers: Jay Martinez & Connor MacLeod - Kidder Mathews

The key individuals involved in this deal include the buyer Kamron Shashooni and the seller Steven Goodwin representing NTA Partners LP. The transaction was facilitated by brokers Jay Martinez and Connor MacLeod of Kidder Mathews, who played a critical role in the closing of this deal.

Players

Jay Martinez
41 deals$145.3M volume(310) 658-3375
BROKER

Connor MacLeod
Kidder Mathews
4 deals$23.9M volume(424) 422-5848
BROKER

Details

SOLD
IMAGE: Jay Martinez & Connor MacLeod DATE: 7/23/2024 ADDRESS: 856 Seward Street MARKET: Los Angeles ASSET TYPE: Office BUYER: Kamron Shashooni SELLER: Steven Goodwin - NTA Partners LP BROKERS: Jay Martinez (@JayMartinezKidder) & Connor MacLeod - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $6,150,000 SF: 17150 ~ PPSF: $358

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$328,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65