Updated Oct 29, 2024
Arya Alexander At CurbStand Leases Multi-Parking Lots In Santee Alley For $2.5M
1415 Maple Ave, Los Angeles, CA 90015, USA
Building Size
25,000,000 SF
Asset Type
Other
Closing
Jun 17, 2020
About this deal
AI
A multi-parking lot lease transaction has taken place in Santee Alley / DTLA. The properties involved are located at 1200 Wall St., 1017 S Los Angeles St., 210 E Olympic Blvd., 1415 Maple Ave., and 1151 Maple Ave. These parking lots comprise a total of 563 spaces.
Summary of Transaction Details:
- Property Type: Parking Lots
- Transaction Amount: $2,500,000
- Tenant: @CurbStand – Arya Alexander
- Landlord: A&H Management
Arya Alexander, representing @CurbStand, has leased these parking lots from A&H Management. The lease value for this transaction is $2,500,000.
Players
Rowland Heights Other Market Snapshot
Boundary boundary · Other · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93