Ventus Group Acquires Retail Property In Exposition Park For $17.85M
3900 S Figueroa St, Los Angeles, CA, USA
$17,850,000
$212/SF
Building Size
84,000 SF
Asset Type
Other
Closing
May 19, 2019
AI
Located in Exposition Park, the retail property at 3900 S Figueroa St has been sold in a recent transaction. The property, spanning 30,000 square feet, was sold for a total price of $17,850,000, resulting in a price per square foot of $595. The transaction took place on May 20, 2019.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,850,000
- Address: 3900 S Figueroa St
- Market: Exposition Park
The buyer in this deal was Ventus Group, while the seller was CAST Real Estate Holdings. The transaction was facilitated by brokers Cole Martens and Cory Stehr of Lee & Associates.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93