Farid Yaghoubtil Acquires Office Building On S. Broadway In Los Angeles For $8.5M
908 S Broadway, Los Angeles, California 90015, United States
$8,500,000
$326,923/SF
Building Size
26 SF
Asset Type
Office
Closing
Nov 30, 2022
AI
An office property located at 908-910 S. Broadway in Los Angeles, CA has been sold for a price of $8,500,000. The property spans a total area of 26,000 square feet, resulting in a price per square foot of $327. The sale took place on November 30, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,500,000
- Address: 908-910 S. Broadway, Los Angeles, CA
- Market: Los Angeles, CA
- Buyer: Farid Yaghoubtil
- Seller: Tarina Tarantino Management LLC - Alfonso Campos & Tarina Tarantino
Farid Yaghoubtil was the buyer in this transaction, while Tarina Tarantino Management LLC, represented by Alfonso Campos & Tarina Tarantino, acted as the seller's representative.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93