Jenesse Center Acquires Office Building On S. Vermont Ave. In Los Angeles For $1.9M
SOLD
$1,888,000
California
See Similar DealsOffice10,454 SF
Sold 10/08/2021
SOLD
Jenesse Center Acquires Office Building On S. Vermont Ave. In Los Angeles For $1.9M
8705 South Vermont Avenue, Los Angeles, CA 90044, USA
See Similar DealsOffice10,454 SF
Sold 10/08/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$180
Total Square Footage:10,454 SF
Transaction Type:Sale
An office property located at 8701-8705 S. Vermont Ave. in Los Angeles has been sold for a total price of $1,888,000. The property measures approximately 10,454 square feet, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,888,000
- Date: 10/08/2021
- Address: 8701-8705 S. Vermont Ave.
- Market: Los Angeles
The buyer of the property is Jenesse Center, while the seller is William Vasquez. The deal was facilitated by brokers Jay Martinez and Darin Spillman from Hudson Partners.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$100,693.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,707.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,950.08
Annual Debt Service$107,401.00
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