Updated Oct 29, 2024
Allied Pacific IPA Acquires Hospital In LA's Chinatown For $33M
531 W College St, Central LA, Los Angeles, CA, USA
$33,000,000
$366/SF
Building Size
90,000 SF
Asset Type
Other
Closing
Jul 1, 2018
About this deal
AI
The hospital located at 531 W. College St. in Chinatown, LA was sold for a price of $33,000,000. The property spans across 90,000 square feet with a price per square foot of $367. The transaction took place on 07/02/2018 between the buyer, Allied Pacific IPA, and the seller, French Society represented by Isabelle Leroux.
Summary of transaction details
- Property Type: Hospital
- Transaction Amount: $33,000,000
- Square Footage: 90,000
- Price per Square Foot: $367
- Address: 531 W. College St.
- Market: Chinatown
- City: LA
Bradford McCarthy, representing the seller Isabelle Leroux, played a key role as the broker in this deal. The transaction between Allied Pacific IPA and the French Society marks an important milestone in the real estate market of Chinatown, LA.
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93