Kamron Shashooni Purchases Los Angeles Office From Steven Goodwin For $6.15 Million
856 Seward Street
$6,150,000
$358/SF
Building Size
17,150 SF
Asset Type
Office
Closing
Jul 24, 2024
AI
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
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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93